Privatization Books

Book SynopsisThe task of turning the state-owned assets of the Eastern European countries over to private ownership is one of the most challenging of our time, both intellectually and in practical terms. Ivan Major's in-depth critique of the plans and programmes of the East European governments addresses the core issues of privatization from the perspective of both potential winners and losers. After discussing the analytical framework, he offers an assessment of the legacy of the command economy and includes individual country studies of Czechoslovakia, the former GDR, Hungary, Poland and the former Soviet Union. The following chapters look at the theoretical, political and economic underpinning as well as assessments of the initial results of East European privatizations. Dr Major argues that the whole network of political regulation must be dismantled if an efficient market economy is to emerge. Privatization in Eastern Europe offers a critical analysis of the movement towards privatization in Eastern Europe as well as an authoritative assessment of the existing literature. This book will be welcomed by scholars and policymakers as an important source of analysis, argument and information.Trade Review'This short book should be read by all students of economic transition in eastern Europe. As a lucid and concise survey of the issues involved in the ongoing process of privatization in the region, it serves as an excellent introduction for students and a useful reference book for co-researchers.' -- Ian Kearns, International Affairs'This is a major contribution to our understanding of privatization in Eastern Europe. Dr Major provides a comprehensive analysis of the programme and problems of privatization in the whole area. It is a well-structured and lucidly written book which presents a convincing analysis.' -- Anders Aslund, Director of the Stockholm Institute of East European Economics, Sweden'I found this exhaustive and thoughtful book extremely interesting. I not only benefited from reading it; I also enjoyed doing so.' -- Milton Friedman, Senior Research Fellow, Hoover Institute on War, Revolution and Peace, and Nobel Laureate in Economics 1976'. . . Major's book. . . . a broad, analytical framework for considering the whole problem of privatization.' -- John Bristow, The Journal of Communist Studies and Transition Politics'. . . an interesting study by an East European scholar which provides a distinct analysis of problems of privatization in Eastern Europe. . . . the book provides useful insights into the area of Eastern European privatization.' -- Gulshan Sachdeva, Comparative Economic Studies'. . . Ivan Major's book is a highly interesting and valuable piece of writing.' -- T. Mellar, Acta OeconomicaTable of ContentsPart 1 Introduction - analytical framework. Part 2 The legacy of the command economy: state ownership, "Politburo Ownership" or "Nomenklatura Ownership"?; economic reforms and ownership; political regulation in a command economy and its consequences for privatization; what is to be privatized in Eastern Europe? - Czechoslovakia, the former GDR, Hungary, Poland, the former Soviet Union. Part 3 Starting conditions and issues in the economic transformation. Part 4 The reasons for privatization: reasons for privatization in the western literature; additional reasons for privatization in the east. Part 5 Plans and realities of privatization in eastern Europe: the initial framework of the governments' plans for privatization; plans for privatization. Part 6 Issues on privatization and restructuring: from "Nomenklatura Ownership" to private ownership via state ownership?; the privatization controversy - why privatize?; the pace and methods of privatization; privatization by free distribution - the case of the largest enterprises.

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Book SynopsisPrivatization, Deregulation and the Macroeconomy focuses on the macroeconomic consequences of microeconomic rigidity in the markets for goods or services and the reforms necessary to create economic dynamism. Peter van Bergeijk and Robert Haffner address questions of how market structure, competition policy, over-regulation and collusive behaviour may influence macroeconomic performance. Drawing on many examples from the OECD countries (most notably, Germany, New Zealand, Australia and the Netherlands), Eastern Europe and the Third World, the authors show how economic policies intended to provide greater flexibility can be analysed. The authors examine the diagnosis or measurement of product market inertia at the mesoeconomic level and its consequences at the macroeconomic level such as employment, per capita income growth and price stability. In Privatization, Deregulation and the Macroeconomy, Peter van Bergeijk and Robert Haffner deal not only with practical policy matters but also with the theoretical issues of how to determine price rigidity (hysteresis on the product markets) and their macroeconomic implications. This book will be welcomed by economists interested in industrial organization, macroeconomics, neo Keynesianism, development economics and transitional economies and will also be of interest to policymakers.Trade Review'This is a useful book. It provides a good combination of theory, empirical and policy analysis. The book targets a broad audience and is of interest to both academics and policy analysts. . . . is a useful addition to the literature.'Table of ContentsContents: Part I: Structural Change 1. On the Macroeconomic Consequences of Microeconomic Reform 2. Structural Change: The Policy Stance Part II: Industrial Economics 3. Economic Dynamism, Competition and the Structure-Conduct-Performance Paradigm 4. Measuring the Speed of the Invisible Hand Part III: Macroeconomics 5. Structural Rigidity, Macroeconomic Inefficiency and the Efficacy of Economic Policy 6. Modelling Strategies for Structural Reform Part IV: Policy 7. The Art of Reform 8. Combating Product Market Inertia: Some Conclusions Indexes

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Book SynopsisIn recent decades, privatisation has been a key policy instrument in the move to more market-based economic systems in all parts of the developing world. Privatisation, however, has not necessarily been accompanied by an increase in market competition. In recent years, many public utilities have been privatised as monopolies and in addition regulatory systems have been developed to restrict their market power and protect the interests of consumers. These authoritative volumes bring together a collection of important papers that have shed new theoretical and empirical insights into privatisation and regulation and have provided new policy perspectives in relation to developing countries. Privatisation in Developing Countries will appeal to policymakers and researchers at the forefront of economic policy debates in developing countries.Trade Review’These volumes not only serve as essential reference works for students but also contain thought-provoking articles on the chosen themes.’Table of ContentsContents: Volume I: Acknowledgements • Introduction PART I PRIVATISATION AND PUBLIC ENTERPRISE IN DEVELOPING COUNTRIES 1. Nicholas Kaldor (1980), ‘Public or Private Enterprise – the Issues to be Considered’ 2. Leroy P. Jones and Edward S. Mason (1982), ‘Role of Economic Factors in Determining the Size and Structure of the Public-Enterprise Sector in Less-Developed Countries with Mixed Economies’ 3. World Bank (1983), ‘Managing State-Owned Enterprises’ 4. Mahmood A. Ayub and Sven O. Hegstad (1987), ‘Management of Public Industrial Enterprises’ 5. John F. Coburn and Lawrence H. Wortzel (1986), ‘The Problem of Public Enterprise in Developing Countries: Is Privatization the Solution?’ 6. Paul Cook and Colin Kirkpatrick (1988), ‘Privatisation in Less Developed Countries: An Overview’ 7. Nicolas Van De Walle (1989), ‘Privatization in Developing Countries: A Review of the Issues’ 8. William Glade (1989), ‘Privatization in Rent-Seeking Societies’ 9. Heidi Vernon-Wortzel and Lawrence H. Wortzel (1989), ‘Privatization: Not the Only Answer’ 10. David Heald (1990), ‘The Relevance of Privatization to Developing Economies’ 11. Jose Edgardo Campos and Hadi Salehi Esfahani (1996), ‘Why and When Do Governments Initiate Public Enterprise Reform?’ PART II THEORETICAL PERSPECTIVES ON PRIVATISATION 12. Yair Aharoni (1982), ‘State-Owned Enterprise: An Agent Without a Principal’ 13. John Vickers and George Yarrow (1988), ‘Ownership and Incentives’ 14. John Vickers and George Yarrow (1988), ‘Competitive Forces’ 15. Carl Shapiro and Robert D. Willig (1990), ‘Economic Rationales for the Scope of Privatization’ 16. Dieter Bös and Wolfgang Peters (1991), ‘A Principal-Agent Approach on Manager Effort and Control in Privatized and Public Firms’ 17. Maxim Boycko, Andrei Shleifer and Robert W. Vishny (1996), ‘A Theory of Privatisation’ 18. Stephen Martin and David Parker (1997), ‘Privatisation: The Conceptual Framework’ 19. George Yarrow (1999), ‘A Theory of Privatization, or Why Bureaucrats are Still in Business’ PART III REGULATION THEORY AND POLICY 20. David E.M. Sappington and Joseph E. Stiglitz (1987), ‘Information and Regulation’ 21. Robert D. Willig (1993), ‘Public versus Regulated Private Enterprise’ 22. Leroy P. Jones (1993), ‘Appropriate Regulatory Technology: The Interplay of Economic and Institutional Conditions’ PART IV COMPARATIVE PERFORMANCE BETWEEN PUBLIC AND PRIVATE ENTERPRISES 23. Robert Millward and David M. Parker (1983), ‘Public and Private Enterprise: Comparative Behaviour and Relative Efficiency’ 24. Yair Aharoni (1986), ‘Measuring the Performance of State-Owned Enterprises’ 25. Peter Nunnenkamp (1986), ‘State Enterprises in Developing Countries’ 26. Robert Millward (1988), ‘Measured Sources of Inefficiency in the Performance of Private and Public Enterprises in LDCs’ Name Index Volume II: Acknowledgements • An introduction by the editors to both volumes appears in volume I PART I POLITICS AND ECONOMICS OF PRIVATISATION 1. Henry Bienen and John Waterbury (1989), ‘The Political Economy of Privatization in Developing Countries’ 2. Paul Cook and Martin Minogue (1990), ‘Waiting for Privatization in Developing Countries: Towards the Integration of Economic and Non-Economic Explanations’ 3. Mary M. Shirley (1997), ‘The Economics and Politics of Government Ownership’ 4. Paul Cook (1997), ‘Privatization, Public Enterprise Reform and the World Bank: Has “Bureaucrats in Business” Got It Right?’ PART II EXPERIENCE WITH REGULATION 5. Brian Levy and Pablo T. Spiller (1993), ‘Regulation, Institutions, and Committment in Telecommunications: A Comparative Analysis of Five Country Studies’ 6. Björn Wellenius and Peter A. Stern (1994), ‘Implementing Reforms in the Telecommunications Sector: Background, Overview, and Lessons’ PART III RESULTS OF PRIVATISATION 7. Richard Hemming and Ali M. Mansoor (1988), ‘Privatization and Public Enterprises’ 8. Ali Mansoor (1988), ‘The Fiscal Impact of Privatisation’ 9. Ahmed Galal, Leroy Jones, Pankaj Tandon and Ingo Vogelsang (1994), ‘Divestiture: Questions and Answers’ 10. Christopher Adam (1994), ‘Privatization and Structural Adjustment in Africa’ 11. Frank Sader (1995), ‘Privatizing Public Enterprises and Foreign Investment in Developing Countries, 1988–93’ 12. Paul Cook and Colin Kirkpatrick (1995), ‘Privatisation Policy and Performance’ 13. Armando Castelar Pinheiro and Ben Ross Schneider (1995), ‘The Fiscal Impact of Privatisation in Latin America’ 14. V. Bhaskar and Mushtaq Khan (1995), ‘Privatization and Employment: A Study of the Jute Industry in Bangladesh’ 15. Patrick Plane (1997), ‘Privatization and Economic Growth: An Empirical Investigation from a Sample of Developing Market Economies’ 16. Paul Cook and Colin Kirkpatrick (1998), ‘Privatization, Employment and Social Protection in Developing Countries’ 17. Sunita Kikeri (1998), ‘Privatization and Labor: What Happens to Workers When Governments Divest?’ 18. Narjess Boubakri and Jean-Claude Cosset (1998), ‘The Financial and Operating Performance of Newly Privatized Firms: Evidence from Developing Countries’ 19. William L. Megginson, Robert C. Nash and Matthias Van Randenborgh (1994), ‘The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis’ PART IV LESSONS OF EXPERIENCE 20. Colin Kirkpatrick (1988), ‘The UK Privatisation Model: Is it Transferable to Developing Countries?’ 21. Sunita Kikeri, John Nellis and Mary Shirley (1994), ‘Privatization: Lessons from Market Economies’ 22. Paul Bennell (1997), ‘Privatization in Sub-Saharan Africa: Progress and Prospects During the 1990s’ 23. C.C. White and A. Bhatia (1998), ‘Assessing Privatization Programs in Africa’ Name Index

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Book SynopsisPrivatization is now a universal practice and is the result of a set of interrelated factors, all of which are explored in this collection. Privatization has also become an academic industry, generating a vast outpouring of books and articles.This authoritative two volume collection, which includes a new introduction by the editors, concentrates on the public policy of privatization, and explores its dimensions by presenting key theoretical and empirical articles. The volumes are also clearly interdisciplinary, bringing together for the first time articles informed by political science, economics and sociology.The collection will be invaluable for both practitioners and academics, especially those involved in the study of applied economics, public policy and political science.Trade Review'This is a very impressive collection of articles on the extent of privatisation, the reasons for privatising put forward by its proponents, the theoretical issues raised, its political and institutional dimensions, and its impact in economic and political terms. Taken from a very wide range of journals, the papers provide a comprehensive coverage of an important topic.' -- Aslib Book GuideTable of ContentsContents: Volume I Acknowledgements • Introduction Part I: Methods, Techniques and Types 1. Lucas J. Wilson (1998), ‘Privatisations in 1996: Another Record Year’ 2. OECD (1997), ‘Privatisation: Recent Trends’ 3. Stephen Young (1986), ‘The Nature of Privatisation in Britain, 1979–85’ 4. Kostas Lavdas (1996), ‘The Political Economy of Privatization in Southern Europe’ 5. Jan Winiecki (1992), ‘Major Privatization Differences between East and West’ 6. Thomas J. Hyclak and Arthur E. King (1994), ‘The Privatisation Experience in Eastern Europe’ 7. Ira W. Lieberman (1997), ‘Introduction: Mass Privatization in Comparative Perspective’ 8. Simon Commander and Tony Killick (1988), ‘Privatisation in Developing Countries: A Survey of the Issues’ 9. Shaoguang Wang (1994), ‘The Compatibility of Public Ownership and the Market Economy: A Great Debate in China’ Part II: Reasons and Rationalizations 10. John Moore ([1983]1986), ‘Why Privatise?’ 11. Carl Shapiro and Robert D. Willig (1990), ‘Economic Rationales for the Scope of Privatization’ 12. Cento Veljanovski (with Mark Bentley) (1987), ‘Property Rights and Industrial Performance’ 13. Louis De Alessi (1987), ‘Property Rights and Privatization’ 14. Dieter Bös and Wolfgang Peters (1991), ‘A Principal-Agent Approach on Manager Effort and Control in Privatized and Public Firms’ 15. Piotr Jasinski (1992), ‘The Transfer and Redefinition of Property Rights: Theoretical Analysis of Transferring Property Rights and Transformational Privatisation in the Post-STEs’ 16. Jonathan Bradley (1996), ‘Privatization in Central and Eastern Europe: Models and Ideologies’ Part III: The Political Dimensions 17. Steve H. Hanke and Stephen J.K. Walters (1990), ‘Privatization and Public Choice: Lessons for the LDCs’ 18. David Stark (1994), ‘Path Dependence and Privatization Strategies in East-Central Europe’ 19. Pierre Guislain (1997), ‘Privatization and Basic Legal Norms’ 20. Douglass C. North (1992), ‘Privatization, Incentives, and Economic Performance’ 21. Jeremy J. Richardson, William A. Maloney and Wolfgang Rüdig (1992), ‘The Dynamics of Policy Change: Lobbying and Water Privatization’ 22. Ellen M. Pint (1990), ‘Nationalization and Privatization: A Rational-Choice Perspective on Efficiency’ 23. Patrick Dunleavy (1986), ‘Explaining the Privatization Boom: Public Choice Versus Radical Approaches’ 24. Carles Boix (1997), ‘Privatizing the Public Business Sector in the Eighties: Economic Performance, Partisan Responses and Divided Governments’ Name Index Volume II Part I: The Political Dimensions 1. Harvey B. Feigenbaum and Jeffrey R. Henig (1994), ‘The Political Underpinnings of Privatization: A Typology’ 2. Roland Czada (1996), ‘The Treuhandanstalt and the Transition from Socialism to Capitalism’ 3. Pierre Guislain (1997), ‘Institutional Framework for Privatization’ 4. Constance Squires Meaney (1995), ‘Foreign Experts, Capitalists, and Competing Agendas: Privatization in Poland, the Czech Republic, and Hungary’ 5. Alex Danso (1992), ‘Privatization of State Owned Enterprises in Africa: The Case of Ghana’ 6. Nicholas Buttle (1996), ‘Privatization and Ethics’ 7. Gawdat Bahgat (1993), ‘Privatization and Democratization in the Arab World: Is There a Connection?’ 8. Michael McFaul (1995), ‘State Power, Institutional Change, and the Politics of Privatization in Russia’ 9. Pita Ogaba Agbese (1992), ‘Moral Economy and the Expansion of the Privatisation Constituency in Nigeria’ Part II: The Impact 10. Yair Aharoni (1991), ‘On Measuring the Success of Privatization’ 11. Giandomenico Majone (1994), ‘Paradoxes of Privatization and Deregulation’ 12. Dieter Bös (1991), ‘Arguments on Privatization’ 13. William L. Megginson, Robert C. Nash and Matthias van Randenborgh (1996), ‘The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis’ 14. Anthony E. Boardman and Aidan R. Vining (1989), ‘Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises’ 15. Gladstone Hutchinson (1991), ‘Efficiency Gains Through Privatization of UK Industries’ 16. Werner Baer (1994), ‘Privatisation in Latin America’ 17. Geisa Maria Rocha (1994), ‘Redefining the Role of the Bourgeoisie in Dependent Capitalist Development: Privatization and Liberalization in Brazil’ 18. Mary M. Shirley (1994), ‘Privatization in Latin America: Lessons for Transitional Europe’ 19. Nazih N. Ayubi (1992), ‘Political Correlates of Privatization Programs in the Middle East’ 20. Yudit Kiss (1994), ‘Privatization Paradoxes in East Central Europe’ 21. Vincent Wright (1995), ‘Industrial and Banking Privatization in Western Europe: Some Public Policy Paradoxes’ Name Index

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Book SynopsisThe two most important forces affecting the world economy in the closing decades of the 20th century are globalization and privatization. While proceeding in parallel, these forces have nonetheless had significant interactions with one another, which are examined in this collection.Trade Review'The book presents a useful collection of many of the most influential scholarly articles written by economists over the past two decades on the theory and practice of privatization and deregulation. Yet this book is more; it creates an understanding of the relationship between private enterprise and government, and how various related economic perspectives have evolved. While most contributors take a US-based viewpoint, authors and examples cover the globe. Mudambi's introduction synthesizes the most salient insights of the contributors, highlights the critical importance of institutions for wealth creation, and raises new questions.' -- Klaus Uhlenbruck, Texas A&M University, USTable of ContentsContents: Acknowledgements Introduction – Globalization and the Advance of Markets: Twin Forces Shaping the World Economy Ram Mudambi PART I INTRODUCTION 1. Stefanie Ann Lenway and Thomas P. Murtha (1994), ‘The State as Strategist in International Business Research’ 2. Jonathan R. Hay and Andrei Shleifer (1998), ‘Private Enforcement of Public Laws: A Theory of Legal Reform’ 3. Jagdish Bhagwati (1998), ‘Poverty and Reforms: Friends or Foes?’ 4. Pablo T. Spiller (1990), ‘Politicians, Interest Groups, and Regulators: A Multiple-principals Agency Theory of Regulation, or “Let Them Be Bribed”’ 5. Ram Mudambi, Pietro Navarra and Chris Paul (2002), ‘Institutions and Market Reform in Emerging Economies: A Rent Seeking Perspective’ PART II TRADITIONAL MODELS AND THEORIES 6. Harold Demsetz (1968), ‘Why Regulate Utilities?’ 7. George J. Stigler (1971), ‘The Theory of Economic Regulation’ 8. John Vickers and George Yarrow (1988), ‘Theories of Regulation’ 9. Saul Estrin and David de Meza (1995), ‘Unnatural Monopoly’ 10. Maxim Boycko, Andrei Shleifer and Robert W. Vishny (1996), ‘A Theory of Privatisation’ 11. Ravi Ramamurti (2000), ‘A Multilevel Model of Privatization in Emerging Economies’ PART III DEREGULATION: INDUSTRY STUDIES A The First Major Step – The Breakup of AT&T 12. William E. Taylor and Lester D. Taylor (1993), ‘Postdivestiture Long-Distance Competition in the United States’ 13. Jerry Hausman, Timothy Tardiff and Alexander Belinfante (1993), ‘The Effects of the Breakup of AT&T on Telephone Penetration in the United States’ B Deregulating Airlines in the US 14. Paul W. Bauer (1986), ‘“Don’t Panic”: A Primer on Airline Deregulation’ 15. Messod D. Beneish (1991), ‘The Effect of Regulatory Changes in the Airline Industry on Shareholders’ Wealth’ C Deregulating Banking in the US 16. Hugh Thomas (2000), ‘A Proposal to Deregulate Banking’ 17. Robert E. DeYoung, Joseph P. Hughes and Choon-Geol Moon (2001), ‘Efficient Risk-taking and Regulatory Covenant Enforcement in a Deregulated Banking Industry’ PART IV PRIVATIZATION AND TRANSITION: INTERNATIONAL EVIDENCE 18. William L. Megginson and Jeffry M. Netter (2001), ‘From State to Market: A Survey of Empirical Studies on Privatization’ 19. Harald Hau (1998), ‘Privatization Under Political Interference: Evidence from Eastern Germany’ 20. David Jennings (2000), ‘PowerGen: The Development of Corporate Planning in a Privatized Utility’ 21. Stuart Ogden and Robert Watson (1999), ‘Corporate Performance and Stakeholder Management: Balancing Shareholder and Customer Interests in the U.K. Privatized Water Industry’ 22. Antonio Estache, Andres Gomez-Lobo and Danny Leipziger (2001), ‘Utilities Privatization and the Poor: Evidence from Latin America’ 23. Raj Aggarwal and Joel T. Harper (2000), ‘Equity Valuation in the Czech Voucher Privatization Auctions’ 24. David Dornisch (2001), ‘Competitive Dynamics in Polish Telecommunications, 1990–2000: Growth, Regulation, and Privatization of an Infrastructural Multi-network’ 25. Nicholas Barberis, Maxim Boycko, Andrei Shleifer and Natalia Tsukanova (1996), ‘How Does Privatization Work? Evidence from the Russian Shops’ 26. Robert Grosse and Juan Yañes (1998), ‘Carrying Out a Successful Privatization: The YPF Case’ 27. James Peoples, Jr. and Wayne K. Talley (2001), ‘Black–White Earnings Differentials: Privatization versus Deregulation’ PART V PRIVATIZATION AND BUSINESS STRATEGY 28. Shaker A. Zahra, R. Duane Ireland, Isabel Gutierrez and Michael A. Hitt (2000), ‘Privatization and Entrepreneurial Transformation: Emerging Issues and a Future Research Agenda’ 29. Jonathan P. Doh (2000), ‘Entrepreneurial Privatization Strategies: Order of Entry and Local Partner Collaboration as Sources of Competitive Advantage’ 30. Igor Filatotchev, Mike Wright, Trevor Buck and Vladimir Zhukov (1999), ‘Corporate Entrepreneurs and Privatized Firms in Russia, Ukraine, and Belarus’ PART VI RE-APPEARING STATIZATION 31. Daniel J. McCarthy, Sheila M. Puffer and Alexander I. Naumov (2000), ‘Russia’s Retreat to Statization and the Implications for Business’ Name Index

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Book SynopsisPrivatization has been practiced in various economy with different hopes and origins. This volume is an eye opener to focus the post privatization experiences in a least developed economy like Bangladesh and developing economy like India.

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