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Legal Aspects of Privatisation
The main aims of this thesis are as follows:(a) To present a comprehensive analysis of the concept of privatisation its origins and limits, (b) To identify the legal and institutional framework for privatisation in different European countries from a comparative perspective; (c) To define and analyse particularly legal issues which arise during the privatisation transactions: e.g. labour law, competition law etc.; (d) To evaluate which features of the successful legal and organisational framework of privatisation have been successful so as to provide guidelines for those individuals and organisations participating in the privatisation exercises.This work found out that there is no simple, in...
Developing countries' Participation in the World Trade Organization
March 1998 Many developing countries are not participating in the World Trade Organization as much as they should. What can be done about it? In the 1960s and 1970s developing countries viewed UNCTAD rather than the GATT as the main institution through which to promote their interests in international trade. But beginning with the Uruguay Round in the mid-1980s, their attitude changed, many more of them became members of the GATT, and a significant number played an active role in negotiations. Michalopoulos analyzes developing countries' representation and participation in the World Trade Organization (WTO) as of mid-1997 to determine how developing countries can effectively promote their in...
Regulatory Controversies of Private Pension Funds
March 1998 Although controversial, investment and other draconian regulations for private pension funds are suitable for countries with weak capital markets and little tradition of private pension provision. But regulations should be relaxed as private pension funds gain in maturity. Like other financial institutions, private pension funds require a panoply of prudential and protective regulations to ensure their soundness and safeguard the interests of affiliated workers. These regulations include authorization criteria (such as minimum capital, fit and proper, and business plan requirements), asset segregation and external custody, professional asset management, external audits and actuari...
When Economic Reform is Faster Than Statistical Reform
March 1998 Household survey data show income inequality increasing in post-reform rural China-but this may reflect methods used to process data rather than the real effect of structural changes on China's rural economy. Official tabulations from household survey data suggest rising income inequality in post-reform rural China, a trend of public concern. But the structural changes in China's rural economy have not been properly reflected in the methods used to process raw survey data. Using micro data for four provinces, Ravallion and Chen find that two-thirds of the conventionally measured increase in inequality in 1985-90 vanishes when market-based valuation methods are used and allowances ...
