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The process of selling assests and enterprises to the private sector raises questions about natural monopolies, the efficiency and equity of state-owned versus privately owned enterprises, and industrial policy. This comprehensive analysis of the British privatization program explores these questions both theoretically and empirically.
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Research suggests that if the majority of a country's financial institutions are owned by the state, that country will experience slower financial development, less efficient financial systems, less private sector credit, and slower GDP growth. Yet more than 40 percent of the world's population live in countries in which public sector institutions dominate the banking system. In The Role of State-Owned Financial Institutions: Policy and Practice noted experts discuss the challenges presented by state-owned financial institutions and offer cross-disciplinary solutions for policymakers and banking regulators. The issues include: methods for effectively managing, reforming, and privatizing stat...
Central to the book's content is its focus on where privatisation stands today and what are the next frontiers, the why and how behind countries who privatise certain industries, and whether privatisation works as an economic tool.
Privatization is under attack. Beginning in the 1980s, thousands of failing state-owned enterprises worldwide have been turned over to the private sector. But public opinion has turned against privatization. A large political backlash has been brewing for some time, infused by accusations of corruption, abuse of market power, and neglect of the poor. What is the real record of privatization and are the criticisms justified? 'Privatization in Latin America' evaluates the empirical evidence on privatization in a region that has witnessed an extensive decline in the state's share of production over the past 20 years. The book is a compilation of recent studies that provide a comprehensive analy...
An important, though neglected, figure in twentieth-century British horror fiction, Sir Charles Birkin (1907-1985) began his literary career as editor of the popular – and now highly collectible – Creeps series of horror anthologies in the 1930s, which featured tales by well-known writers such as H.R. Wakefield, Lord Dunsany and Russell Thorndike, as well as contributions by Birkin himself. A master of the conte cruel, often with a Grand Guignol finish, Birkin found true horror not in ghosts or the supernatural but in the hearts of men and women. Never before reprinted and extremely scarce, Devils’ Spawn (1936) collects sixteen of Birkin’s stories, many of them first published in the Creeps volumes, including the horror gems “The Terror on Tobit” and “The Harlem Horror”. Birkin’s collection The Smell of Evil (1965) is also available from Valancourt Books.
Analyses the telecom reform process in Malaysia and the Philippines. Looks at the institutions and actors that were the driving force behind these changes, and examines state capacity, market reform, and rent-seeking in the two countries.
The privatization process must be seen as transparent and absolutely above reproach and the rules of the "market" game must be clearly enunciated and adhered to in divestitures. Improvements in economic performance will be considerably diluted if the new market economy is based on an extensive network of special privileges.
This book addresses the policy questions surrounding the challenge of transforming eastern European economies from their planned, administrative past to vibrant market-based entities. Jozef van Brabant considers in turn, the wider set of challenges facing these economies - stabilization, privatization, liberalization, institution building, and developing and maintaining the sociopolitical consensus - before examining the evolving role of the state. Using concrete examples from the eastern European countries throughout, including the Czech Republic and Bulgaria, this work systematically examines, in a society-wide context, the initial conditions of transformation, the policy tasks ahead and the manner in which policies have been pursued.