Privatization and Economic Performance

Privatization and Economic Performance

by Matthew Bishop, Bishop
     
 

ISBN-10: 0198773439

ISBN-13: 9780198773436

Pub. Date: 08/28/1996

Publisher: Oxford University Press, USA

One of the most enduring legacies of the 1980s has been the programme of privatizations that the Thatcher government set in train in the first half of the decade. Whole sectors of the UK economy which were formerly part of the public sector were sold off to the private sector. Some were bought out by their employees; others were bought by the public at large. Some…  See more details below

Overview

One of the most enduring legacies of the 1980s has been the programme of privatizations that the Thatcher government set in train in the first half of the decade. Whole sectors of the UK economy which were formerly part of the public sector were sold off to the private sector. Some were bought out by their employees; others were bought by the public at large. Some public services were contracted out to the private sector; others were placed on a more commercial footing. The UK privatization programme had an influence on economic policy throughout the world. Programmes were also initiated in Asia, South America, Africa, Europe, North America, and, most recently, East and Central Europe. The purpose of this book, a companion volume to The Regulatory Challenge by the same editors, is to stand back and examine what has been learnt from the extensive programme of privatization that the UK government has completed, and to consider what aspects of privatization remain to be done. It attempts to evaluate systematically the privatizations that have been undertaken in different sectors of the UK economy over the last ten years. It examines what has happened and why, where the successes and failures have been, what lessons can be learnt for the design of privatization programmes elsewhere, and what the UK government can still usefully do in this area.

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Product Details

ISBN-13:
9780198773436
Publisher:
Oxford University Press, USA
Publication date:
08/28/1996
Pages:
392
Product dimensions:
6.38(w) x 9.50(h) x 1.11(d)

Table of Contents

List of Contributors
List of Tables
List of Figures
Introduction: Privatization in Performance1
1Privatization: Principles, Problems, and Priorities15
2Privatization Policies and Public Enterprise: A Survey32
3Privatization, Restructuring, and Regulatory Reform in Electricity Supply62
4British Airways: A Turn-Around Anticipating Privatization89
5Privatization and Regulation of the Water Industry in England and Wales112
6Gas Regulation and Competition: Substitutes or Complements?137
7Privatization of British Steel162
8Competitive Tendering and Efficiency: The Case of Refuse Collection188
9Delivering Letters: Should it be Decriminalized?208
10British Rail: Competition on the Network225
11Railway Privatization232
12Privatization and Domestic Consumers251
13What is the Alternative? Ownership, Regulation, and the Labour Party265
14The Costs of Privatization in the UK and France290
15Popular Capitalism299
16Management Buy-outs and Privatization313
17Privatization and the Labour Market: Facts, Theory, and Evidence336
18Privatization in the UK: International Organization and Productive Efficiency352
Index367

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