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Overview
This book contains papers on some 25 countries written by experts directly connected with privatisation, either as academics or as policy makers and practitioners, with a comparative review at the end by the editor. It highlights the major factors in the success and the failings of privatisation attempts in different countries in Europe, America, Latin America, Africa, Asia and Australasia. In particular there are studies on the evolving experience of transformation to free market economy in the former socialist countries of Eastern Europe.
Synopsis
Privatization has been hailed as a panacea for the problems of the public sector in developing economies as well as the developing world and the post-socialist world. As this book demonstrates, privatization in practice has often been difficult to achieve and has produced some uncertain benefits. Constraints and Impacts of Privatisation includes a wide range of case studies from the developing world and Eastern Europe by a group of policy makers, professionals and academic experts, including George Yarrow and Dieter Bos. The contributors explore the lack of appropriate resources faced by many developing and post-socialist countries and suggest how these constraints might be overcome. They also consider the impact of privatization and the effects it may have in the future.