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Options for restructuring and privatizing PKS, Poland's main state- owned enterprise for road transport of passengers and general freight.
Options for restructuring the Volàn group -- the current provider of Hungary's public passenger and freight transport services and the largest enterprise in Hungary's road transport industry.
Errata slip inserted. Includes index. Bibliography: p. 389-405.
This volume collects Professor Michael Beesley's most important work in the area of privatization. He advised the government on forthcoming legislation on telecoms, buses, and water, as well as advising new regulators. Now in its second edition, the book includes the experience of privatization in Australia, and the lessons we can learn from them. Throughout, the author remains critical of the policies adopted, but always with corresponding suggestions for improvement. This insider view should be a valuable guide for all those interested in current developments in privatization.
In this second edition of Privatization, Regulation and Deregulation, the author has updated and augmented the original material to take account of developments over the last 5 years. This volume includes ten completely new chapters and coverage of the critical period from 1981to the present. The book provides a unique insight into the privatization and regulatory procedure. In addition, it presents a significant contribution to the basic economic arguments underlying these reforms to practitioners involved in privatization and regulation.
At the end of the 1980s, the road transport industries of Poland and Hungary emerged from decades of socialist organization with a small number of massive state-owned enterprises, surrounded by a margin of small-scale private haulage that had been growing steadily during the preceding ten years. In the year after the decisive turn in their political systems, both countries formulated privatization programs. In their programs, road haulage was earmarked for privatization but the strategy to be applied to the industry was left open. There is none for privatization on the scale envisaged by the transitional economies, or from their common starting positions. To chart a course, one has only the accepted economic objectives of privatization policy to rely on. This paper draws on the work in Poland and Hungary but enlarges, more than was appropriate in the individual country reports, on those common features of the privatization problem of this one specific industry, and gives the arguments and conclusions that the authors draw from them.