The Privatization Process: A Worldwide Perspective / Edition 1

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Future historians will undoubtedly describe the 1980s and 1990s as the era of privatization, when an unprecedented amount of worldwide control was transferred from the public sector to private ownership. This dynamic process, fueled by the fall of communist regimes across Eastern Europe and the Soviet Union, is currently among the most hotly debated topics in the U.S. policy community. This volume examines the promises and pitfalls of national and global privatization, providing a variety of perspectives on how privatization can best be achieved. Supported by a wealth of empirical evidence, the contributors assess the institutional changes and economic impact of this worldwide phenomenon.

Author Biography: Terry L. Anderson is professor of economics at Montana State University and executive director of PERC. Peter J. Hill is professor of economics at Wheaton College, Wheaton, Illinois, and senior associate at PERC.

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Product Details

  • ISBN-13: 9780847681877
  • Publisher: Rowman & Littlefield Publishers, Inc.
  • Publication date: 1/28/1996
  • Series: Political Economy Forum Series
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 274
  • Product dimensions: 6.00 (w) x 8.48 (h) x 0.63 (d)

Meet the Author

Terry L. Anderson is professor of economics at Montana State University and executive director of PERC. Peter J. Hill is professor of economics at Wheaton College, Wheaton, Illinois, and senior associate at PERC.

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Table of Contents

Tables and Figures
Introduction: The Political Economy of Privatization
Ch. 1 Privatization for Economic Development 1
Ch. 2 The Missing Ingredient: What poor Countries Will Need to Make Their Markets Work 19
Ch. 3 Privatization, Incentives, and Economic Performance 25
Ch. 4 Taxation, Enforcement Costs, and the Incentives to Privatize 39
Ch. 5 Growing a Post-Communist Legal System 57
Ch. 6 Spontaneous Privatization in Transition Economies 81
Ch. 7 Bottom-up Privatization: The Czech Experience 97
Ch. 8 The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis 115
Ch. 9 Politics and Property Rights: China's Reform Experiences 155
Ch. 10 Between Mercantilism and Markets: An Analysis of Privatization in Mexico 177
Ch. 11 The Demand and Supply of Property Rights on the Frontier: the Case of North America and Brazil 203
Ch. 12 Can Privatization Succeed in a Western Democracy? Lessons from New Zealand 237
Index 257
About the Political Economy Forum and the Authors 265
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