Description
Book SynopsisThis unique book offers a comprehensive survey of the privatization and deregulation of the public sector in a number of important developed and developing economies.
The first part examines the privatization and deregulation process in Japan, Korea, India, Latin America, the US and the UK. The authors examine the costs and benefits in each country and describe the private initiatives and ongoing government intervention in the new markets. Wide country coverage allows readers to compare and contrast the different regimes in each country, particularly in the less studied Asian and Indian regions. The authors also describe the regime in the US and UK, the forerunners of privatization initiatives, from which useful policy lessons can be learnt in terms of ownership, price setting, universal service and welfare implications. The second part offers sector surveys from important industries, including telecommunications in Japan, India and Latin America, electricity in the UK and US, and the banking sector in Japan.
Privatization, Deregulation and Economic Efficiency will be useful supplementary reading for scholars and students of the theory and practice of public economics, as well as for governments and NGOs interested in the policy implications of the privatization and deregulation process.
Table of ContentsContents: Introduction Part I: Country Survey 1. Privatization and Deregulation: The Case of Japan 2. A Review of Korea’s Economic Deregulation Policy 3. A Survey of Deregulation in Indian Industry 4. Economic Reform in Latin America: An Assessment 5. A Survey of the Liberalization of Public Enterprises in the UK since 1979 6. Experience in US Regulation and Deregulation Part II: Sector Survey 7. Deregulation in the Japanese Telecommunications Market: New Regulatory Schemes 8. Deregulation and Reforms in India’s Telecommunications Industry 9. Privatization and Regulatory Reforms in Latin American Telecommunications 10. Deregulation of the UK Electricity Supply Industry: 1989–98 11. Lessons in US Electricity Market Reform 12. Financial Liberalization, Deregulation and Monitoring in Japan Conclusion Index
