Great Expectations: Microeconomic Reform and Australia

Overview

In this timely work, John Quiggin critically examines the assumptions, the practice and the future of microeconomic reform and its place in the Australian economy. Is it unambiguously true that competition within the infrastructure benefits business and consumers as well as the infrastructure industry concerned? What are the assumptions upon which such great expectations have been placed, and have they held true in the experience of reform? Great Expectations places the prospect of microeconomic reform in its ...
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Overview

In this timely work, John Quiggin critically examines the assumptions, the practice and the future of microeconomic reform and its place in the Australian economy. Is it unambiguously true that competition within the infrastructure benefits business and consumers as well as the infrastructure industry concerned? What are the assumptions upon which such great expectations have been placed, and have they held true in the experience of reform? Great Expectations places the prospect of microeconomic reform in its theoretical and historical context. It examines and evaluates transport deregulation, financial deregulation, tariffs and industry policy, communications deregulation, government business enterprises, contracting out, privatisation, and private infrastructure. At a time when Australia's economic basic and future continues to be hotly debated, Great Expectations is essential reading for policy setters and followers in both government and industry, and for students for economic policy at all levels.
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Product Details

  • ISBN-13: 9781864482362
  • Publisher: Allen & Unwin Pty., Limited
  • Publication date: 3/1/1997
  • Format: Mass Market Paperback
  • Pages: 251
  • Product dimensions: 5.51 (w) x 8.46 (h) x 0.04 (d)

Table of Contents

Preface
1 Introduction 1
2 The international background of microeconomic reform 5
3 The background of microeconomic reform in Australia 19
4 Welfare economics 35
5 Understanding government policy: the public interest approach 51
6 Understanding government policy: the private interest approach 65
7 Financial deregulation 81
8 Airline deregulation 99
9 Telecommunications 113
10 Tariff reform 125
11 Privatisation 143
12 Private infrastructure 161
13 Competitive tendering and contracting 173
14 Government business enterprises and the Hilmer reforms 185
15 The benefits and costs of microeconomic reform 199
16 Some final observations 225
Bibliography 231
Index 243
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