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This book provides the first systematic empirical analysis of privatization processes worldwide to explain how and why governments privatize. Privatization is shown to be a difficult process, shaped by political preferences and budgetary constraints, often pursued in the absence of suitable economics and legal institutions. As a result, in most cases, the process has been partial and incomplete, so that private ownership tends to coexist with public control.
This book investigates the systemic challenges and underlying drivers of global privatization processes through a rigorous empirical lens. Authors Bernardo Bortolotti and Domenico Siniscalco utilize their expertise in economics and public policy to examine why governments initiate privatization and the obstacles they encounter. The text argues that political motivations and fiscal pressures frequently override the necessity for robust legal and economic frameworks, leading to incomplete transitions where public control persists.
What You Will Find
Experts recognize this work as a foundational text for understanding the complexities of state-owned enterprise reform. Readers frequently note the academic density of the prose and the depth of the empirical data provided.
Page Count:
170
Publication Date:
2004-05-06
Publisher:
Oxford University Press
ISBN-10:
0199249342
ISBN-13:
9780199249343
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