Privatisation In Emerging Economies
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Privatisation In Emerging Economies
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Author : Bahaa H. Dessouki
language : en
Publisher:
Release Date : 2000
Privatisation In Emerging Economies written by Bahaa H. Dessouki and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Egypt categories.
This study aims to provide an analysis of problems relating to the creation of a legal infrastructure that meets the needs and capabilities of emerging market economies in the light of the privatisation process. Whilst drawing upon the experience of several countries, the study is primarily concerned with Egypt. -- It commences with an Introduction that addresses how and why privatisation in emerging economies can be seen as a fundamentally different process, both in scope and implication, from privatisation in advanced economies. It also surveys the development of the modern Egyptian economy. -- Chapter Two deals with protection of property rights. An evaluation of the constitutional and legal protection offered by the Egyptian law is undertaken, and prevailing limitations are highlighted. Securities regulation is the subject-matter of Chapter Three. An appraisal of the current law and practice in Egypt is given, followed by proposals for reform. -- Chapter Four deals with the law on secured transactions. An account of the prevailing law and practice in Egypt and a critique thereof is given. Several reform proposals are made. Chapter Five focuses on the introduction of competition law and the difficulties facing emerging economies. -- Chapter Six focuses on reforming bankruptcy laws. It questions the wisdom of the wholesale adoption of Western models. The Egyptian law and practice are evaluated in the light of the needs of an emerging market economy. The question of reform is considered with reference to international experience and then by concentrating on the specificity of the Egyptian case. Chapter Seven is dedicated to judicial reform. A number of ambitious proposals for improving the machinery of justice by reference to its key actors and principal institutions is given.
Privatization Corporate Governance And The Emergence Of Markets
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Author : E. Rosenbaum
language : en
Publisher: Springer
Release Date : 2000-03-23
Privatization Corporate Governance And The Emergence Of Markets written by E. Rosenbaum and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-03-23 with Business & Economics categories.
The volume focuses on privatisation in transition countries, addressing issues ranging from corporate governance to the relationship between privatisation and the emergence of markets, from a multi-disciplinary perspective. The contributors investigate both the theoretical groundwork of privatisation and enterprise restructuring as well as recent empirical evidence. The contributions show that changes in ownership titles are but one part of the story, being closely interwoven as they are with the transformation of corporate governance, enterprise restructuring, network transformation and the emergence of markets.
Privatisation In Transforming And Developing Economies
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Author : Jürgen Klenk
language : de
Publisher: Springer-Verlag
Release Date : 2013-03-08
Privatisation In Transforming And Developing Economies written by Jürgen Klenk and has been published by Springer-Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-08 with Business & Economics categories.
Ziel der Autoren ist, die bisherigen internationalen Erfahrungen mit Privatisierungsprozessen in kompakter und übersichtlicher Form zusammenzustellen und daraus adäquate Vorgehensweisen abzuleiten.
Privatisation In Emerging Economies
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Author :
language : de
Publisher:
Release Date : 2000
Privatisation In Emerging Economies written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
Privatisation In Developing Countries
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Author : V. V. Ramanadham
language : en
Publisher: Routledge
Release Date : 2019-02-11
Privatisation In Developing Countries written by V. V. Ramanadham and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-11 with Business & Economics categories.
It is widely felt that the public sector in many developing countries is too large, and that privatisation would benefit both the users of individual services and the economy in general. However, enthusiasm for private enterprise solutions is not always matched by the requisite financial and economic technology. The sort of schemes appropriate for a country like China, with its highly planned public sector economy, and Jordan, with its dominant private sector, are unlikely to be the same. Privatisation without reference to these differences will be an economic, administrative and organisational chaos rather than a panacea. Originally published in 1989, this book starts with an analysis on the concept, rationale and fundamental issues of privatisation, with reference to both developed and developing countries. There follows a critical scrutiny of the privatisation programmes of countries in Asia, Africa and Latin America, written by contributors actively concerned with public enterprise and privatisation at the time. It examines the role of international aid agencies, including the World Bank, in promoting the schemes and it details the positive impact of them as well as their pitfalls. These country accounts are complemented by a concluding chapter giving an overview of the substantial issues raised.
Privatisation Political Risk And Stock Market Development In Emerging Economies
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Author : Enrico C. Perotti
language : en
Publisher:
Release Date : 1999
Privatisation Political Risk And Stock Market Development In Emerging Economies written by Enrico C. Perotti and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Country risk categories.
Privatization Political Risk And Stock Market Development In Emerging Economies
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Author : Enrico C. Perotti and Pieter van Oijen
language : en
Publisher:
Release Date : 1999
Privatization Political Risk And Stock Market Development In Emerging Economies written by Enrico C. Perotti and Pieter van Oijen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
Privatisation And Sustainable Competitive Advantage In The Emerging Economies Of Central Europe
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Author : John Fahy
language : en
Publisher:
Release Date : 1999
Privatisation And Sustainable Competitive Advantage In The Emerging Economies Of Central Europe written by John Fahy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Commerce categories.
Extant research on the impact of privatisation in the Central Europe (CE) region has focused on improvements in efficiency and the nature of cost-based advantages. This study argues that the development of a vibrant privatised sector requires attention to the broader resource configurations of domestic enterprises. Empirical research was conducted on a large sample of firms in Poland, Hungary and Slovenija. Foreign investment was found to significantly impact on resource accumulation with implications for the development of strategic capabilities and competitive advantage.
Government Support To Private Infrastructure Projects In Emerging Markets
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Author : Mansoor Dailami
language : en
Publisher: World Bank Publications
Release Date : 1998
Government Support To Private Infrastructure Projects In Emerging Markets written by Mansoor Dailami and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Capital investments categories.
January 1998 For citizens to reap the full benefits of private investment in infrastructure, infrastructure prices must be high enough to cover costs, and private investors must assume commercial risk. Good macroeconomic policy matters because it affects the credibility of a price regime and especially the trust in currency convertibility essential for foreign investors. Driven by fiscal austerity and disenchantment with the performance of state-provided infrastructure services, many governments have turned to the private sector to build, operate, finance, or own infrastructure in power, gas, water, transport, and telecommunications sectors. Private capital flows to developing countries are increasing rapidly; 15 percent of infrastructure investment is now funded by private capital in emerging markets. But relative to needs, such private investment is progressing slowly. Governments are reluctant to raise consumer prices to cost-covering levels, while investors, mindful of experience, fear that governments may renege on promises to maintain adequate prices over the long haul. So investors ask for government support in the form of grants, preferential tax treatment, debt or equity contributions, or guarantees. These subsidies differ in how they allocate risk between private investors and government. Efficiency gains are greatest when private parties assume the risks that they can manage better than the public sector. When governments establish good policies-especially cost-covering prices and credible commitments to stick to them-investors are willing to invest without special government support. Privatizing assets without government guarantees or other financial support is possible, even where governments are politically unable to raise prices, because investors can achieve the returns they demand by discounting the value of the assets they are purchasing. But this is not possible for new investments (greenfield projects). If prices have been set too low and the government is not willing to raise them, it must give the investor financial support, such as guarantees and other forms of subsidy, to facilitate worthwhile projects that would not otherwise proceed. But guarantees shift costs from consumers to taxpayers, who subsidize users of infrastructure services. Much of that subsidy is hidden, since the government does not record the guarantee in its fiscal accounts. And taxpayers provide unremunerated credit insurance, as the government borrows based on its ability to tax citizens if the project fails, not on the strength of the project itself. This paper-a joint product of the Regulatory Reform and Private Enterprise Division, Economic Development Institute, and the Private Participation in Infrastructure Group-was presented at the conference Managing Government Exposure to Private Infrastructure Projects: Averting a New-Style Debt Crisis, held in Cartagena, Colombia, May 29030, 1997. Mansoor Dailami may be contacted at [email protected].
Lessons From Privatization
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Author : Rolph van der Hoeven
language : en
Publisher: International Labour Organization
Release Date : 1997
Lessons From Privatization written by Rolph van der Hoeven and has been published by International Labour Organization this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
This book assesses the labor market consequences of privatization in developing countries (the Republic of Korea, India and Mexico) and transition economies (Bulgaria, the Czech Republic, Eastern Germany and Hungary) during the first half of the 1990s. Based on over 20 case studies in seven countries, it considers the effect of privatization on productivity and on the level and structure of employment. The evolving patterns of industrial relations in privatized firms and the subsequent changes in wages, remuneration systems and non-wage benefits are also examined.