The Political Economy of Privatization

By: Christos Pitelis (Editor), Thomas Clarke (Editor)

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Paperback | 29 June 1995 | Edition Number 1

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500 Pages

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Has privatisation worked in practice? Only recently has sufficient empirical evidence become available to answer this question. Earlier studies of privatization have, by necessity, been largely concerned with a theoretical analysis of privatization policy. The Political Economy of Privatization draws together substantial evidence and analysis of the experience of privatization programmes in practice over the last ten years. The authors assess the different means of implementing privatization policies and analyse the impact on the economy. The work is an international study of the extensive privatization of the public sector of the advanced industrial countries; the rapid marketization of the East European countries; and the pressures upon developing countries to adopt re-regulation and privatization as the route towards economic growth. The results demonstrate that, far from being a uniform process, privatization can take many forms - from wholesale denationalization to the contracting of competitive tendering. The book is divided into six parts: Part I examines the relationship between ownership and performance; Part II assesses the importance of market structure and regulation; Part III discusses privatization strategies within the public sector while Parts IV-VI, backed by individual country case studies, look at the experiences of different countries engaged in the contrasting approaches to privatization. The impact upon government, consumers, managers and employees is also explored and the much vaunted relationship between private ownership and efficiency is critically assessed.

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Non-Fiction Economics Development Economics & Emerging Economies Political Economy Business & Management Ownership & Organisation of Enterprises Privitisation

List of figures
List of tables
Contributors
Preface
Introduction: The Political Economy of Privatization	p. 1
Ownership, Organizational Changes and Performance	p. 31
Public Ownership and the Theory of the State	p. 54
Ownership and Competition in Community Markets	p. 70
Regulating the Privatized Electricity Utilities in the UK	p. 93
Privatization and Market Structure in the UK Gas Industry	p. 108
Privatization of the British Utilities: Regulation, Decentralization and Industrial Relations	p. 125
The Political Economy of Competitive Tendering	p. 145
EC Public Procurement Directives and the Competition from European Contractors for Local Authority Contracts in the UK	p. 159
Between an Ideological Rock and an Organizational Hard Place: NHS Management in the 1980s and 1990s	p. 185
The Political Economy of the UK Privatization Programme: A Blueprint for Other Countries?	p. 205
Context and Process in Privatization: Canada/Quebec	p. 234
Public-Private Relations in Italy: the Experience of the 1980s	p. 273
Corporatization and Privatization in New Zealand	p. 308
An Analysis of the Privatization of the Japan National Railway Corporation	p. 337
Rationale and Optimal Implementation of Privatization Policies: The Case of Greece	p. 360
Privatization of Socialist Economies: General Issues and the Polish Case	p. 373
Selling Off the State: Privatization in Hungary	p. 391
Restructuring Eastern Europe: The Case of Buy-Outs in the USSR	p. 410
Privatization in Malaysia: For What and for Whom?	p. 437
Privatization in Africa: Prospects for Tanzania	p. 455
Index	p. 475
Table of Contents provided by Blackwell. All Rights Reserved.

The Political Economy of Privatization

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