Privatization and Economic Performance

Privatization and Economic Performance by Matthew Bishop

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. Privatization programmes were initiated in Asia, South America, and Africa, as well as Europe and North America. The most recent to experiment with privatizations have been the East European countries which have seen privatization as the fastest route to move from socialism to capitalism. The purpose of this book 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. This book attempts to evaluate different sectors of the UK economy over the past 10 years. It examines what has happened and why, where have been the successes and failures, what lessons can be learnt for the design of privatization programmes elsewhere and what can the UK government still can do usefully in this area.

`This book is essential reading for anyone holding shares, or having anything to do with a privatized industry; it also provides, in fast-flowing prose, invaluable lessons - some gained through painful experience - to the proponents of privatization in countries such as the Czech Republic, Slovakia, Poland, Hungary and Russia on the successes and failures of Britain's experiments' Business East Midlands
`Excellent text on very important area for any Applied Economics course.' Mr L.J. Bussell, University of Teeside
`This book provides a good overview of the key issues facing the newly privatized companies. Should be extremely useful to the students.' Dr Tom McGovern, University of Newcastle
Like most anthologies, this compilation of intelligently written articles offers the reader an opportunity to sample and taste. * Choice *
There is sufficient focus on the theoretical, empirical and sector-specific issues involved to make it required reading for students, policy makers and practitioners in this increasingly contentious field ... The real strength of the book lies in its breadth ... a clearly written economic survey of privatisation from both a theoretical and empirical perspective. It will be particularly useful for the insights it provides on the operational characteristics, cost structures and demand conditions of the industries concerned and the way these have shaped privatization and subsequent performance. It is a valuable addition to the literature. * Times Higher Education Supplement *
This is a welcome addition to the expanding literature evaluating the UK's programme of privatisation and consequent regulation ... The authors display a variety of approaches, styles, aims, and views. * The Economic Journal *

MATTHEW BISHOP is the U.S. business editor of The Economist and a former faculty member of the London Business School.
MICHAEL GREEN is a London-based writer who previously taught economics at Warsaw University and was a senior official in the British government. He is coauthor (with Matthew Bishop) of Philanthrocapitalism.

SKU	Nicht verfügbar
ISBN 13	9780198773443
ISBN 10	0198773447
Titel	Privatization and Economic Performance
Autor	Matthew Bishop
Buchzustand	Nicht verfügbar
Bindungsart	Paperback
Verlag	Oxford University Press
Erscheinungsjahr	1994-09-29
Seitenanzahl	392
Hinweis auf dem Einband	Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.
Hinweis	Nicht verfügbar