Privatization Of Public Enterprises Trends And Issues
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Privatization Of Public Enterprises
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Author : Mohd Aijaz
language : en
Publisher:
Release Date : 2015
Privatization Of Public Enterprises written by Mohd Aijaz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Government business enterprises categories.
Privatization Of Public Enterprises Trends And Issues
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Author : Dr. Mohd. Aijaz
language : en
Publisher: K.K. Publications
Release Date : 2022-01-09
Privatization Of Public Enterprises Trends And Issues written by Dr. Mohd. Aijaz and has been published by K.K. Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-09 with Business & Economics categories.
Privatization of Public Enterprises: Trends and Issues This book presents a critical assessment of India's disinvestment exercise initiated as part of the larger economic reforms in 1991. The macro-economic crisis of the 1980s exposed the excessive expansion of Public Sector Enterprises (PSEs) which manifested a number of weaknesses in their performance. This domestic crisis was converted into an opportunity when a massive programme of disinvestment of PSEs was launched in a phased manner. A number of PSEs were privatized through the sale of equity to the public. The purpose of the reform was to limit their size and redefine their role to enhance productivity and efficiency. This study intends to review the functioning of the disinvestment drive on empirical grounds. To be precise, it examines to what extent the disinvestment of PSEs is successful on the parameter of financial efficiency, modernization, employment generation, regional imbalance, utilization of proceeds, and methods of privatization. The book provides insight for researchers and policymakers working on this current subject.
The Challenges Of Privatization An International Analysis
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Author : Bernardo Bortolotti
language : en
Publisher: OUP Oxford
Release Date : 2004-03-11
The Challenges Of Privatization An International Analysis written by Bernardo Bortolotti and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-03-11 with Business & Economics categories.
From 1997 to 2001, more than 4,000 privatization operations have been carried out in more than 100 countries, bringing in government revenues of over 1,362 billion dollars. The phenomenon, which grew exponentially at the end of the 1990s and then abruptly slowed down, had dramatic consequences on the performance of state-owned enterprises and a significant impact on industrialized countries, as well as emerging and less developed economies. Yet there have been surprisingly fewattempts to provide a systematic empirical account of the privatization process at the worldwide level.Why do governments privatize? Why do some countries accomplish large-scale privatization programmes, and others never privatize at all? Is privatization a trend or a cycle? Furthermore, how do governments privatize? Do governments really transfer ownership and control of state-owned enterprises or does private ownership tend to coexist with public control?This book provides some answers to these important questions trying to test research hypotheses set forth by the recent economic theory of privatization.Comprehensive cross-country empirical analyses carried out over a period of more than twenty years are used in the book to show that privatization has taken place all over the world, sometimes spontaneously, more often under the pressure of economic and budgetary constraints. Several of the goals of the privatization have been met, but despite proclamations and programmes, only a small minority of countries has carried out a genuine privatization process, completely transferring ownership ofstate-owned enterprises to the private sector. A lack of political will is to some extent at the root of this reluctance. However this reluctance can be traced back partly to structural factors that would make an orderly privatization difficult, such as the absence of developed capital markets,appropriate regulation, and suitable institutions.
Public Sector Reform
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Author : Jan-Erik Lane
language : en
Publisher: SAGE
Release Date : 1997-12-12
Public Sector Reform written by Jan-Erik Lane and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-12-12 with Political Science categories.
Deregulation, privatization and marketization have become the bywords for the reforms and debates surrounding the public sector. This major book is unique in its comparative analysis of the reform experience in Western and Eastern Europe, Australia, New Zealand and Canada. Leading experts identify a number of key factors to systematically explain the similarities and differences, map common problems and together reflect on the future shape of the public sector, exploring significant themes in a lively and accessible way.
Privatization And Public Enterprises
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Author : Mr.Richard Hemming
language : en
Publisher: International Monetary Fund
Release Date : 1998-09-15
Privatization And Public Enterprises written by Mr.Richard Hemming and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-09-15 with Business & Economics categories.
This paper examines the role that privatization can play within a wider strategy designed to overcome the problems associated with public enterprises. For this purpose, privatization is defined as a transfer of ownership and control from the public to the private sector, with particular reference to asset sales. It is therefore equated with total or partial denationalization. Economic efficiency is not only the key to improving the performance of the public enterprise sector, but is also the source of other gains often attributed to privatization, in particular, its favorable budgetary impact. To public enterprises that are subject to national or international competition, privatization offers the possibility of increased productive efficiency as government financial backing is withdrawn and bankruptcy and takeover become possibilities. The admissibility and desirability of privatization, as well as what types of enterprise should be privatized, ought to be determined by similar considerations in both industrial and developing countries.
Privatization
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Author : Sunita Kikeri
language : en
Publisher: World Bank Publications
Release Date : 2005
Privatization written by Sunita Kikeri 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 2005 with Privatizacion - Paises en desarrollo categories.
"This paper takes stock of recent privatization trends, examines the extent to which government ownership is still prevalent in developing countries, and summarizes emerging issues for state enterprise reform going forward. Between 1990 and 2003, 120 developing countries carried out nearly 8,000 privatization transactions and raised $410 billion in privatization revenues. Privatization activity peaked in 1997 and dropped off in the late 1990s and, while still at overall low levels, is slowly creeping back. While there are a large number of studies assessing the impact of privatization on enterprise performance and overall welfare, there are no systematic data on the extent to which privatization has changed the role of state enterprises in the economy. Anecdotal evidence suggests that the state's role has been substantially reduced in Eastern and Central Europe and in certain countries in Latin America. But available evidence also suggests that, despite a long track record of privatization, government ownership in state enterprises is still widely prevalent in some regions and countries, and in certain sectors in virtually all regions. The paper shows that the costs of not reforming state enterprises are high and that continued efforts need to be made to improve their performance by improving privatization policies and institutions; adopting more of a case-by-case approach for complex sectors and countries; and exposing state enterprises to market discipline through new private entry and exit of unviable firms and improvements in their corporate governance. "--World Bank web site.
Privatization
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Author : Graeme Hodge
language : en
Publisher: Routledge
Release Date : 2018-03-09
Privatization written by Graeme Hodge and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-09 with Political Science categories.
Contracting out public sector services and divesting public enterprises are reforms that have enjoyed widespread global popularity in recent years. Better services, lower prices and greater accountability are the promises made by politicians, senior executives, and investment companies when functions are moved from the public sector to private enterprise. But in Privatization, Graeme A. Hodge challenges these assumptions. Through an examination of hundreds of international studies on the performance of privatization activities, Hodge demonstrates that privatizing public services is often not the guaranteed panacea portrayed by its political supporters. Importantly, privatization activities can lead to modest gains, but there are also winners and losers in this reform. It therefore deserves far more care and balanced debate than it usually attracts.
Selling Public Enterprises
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Author : Leroy P. Jones
language : en
Publisher: MIT Press (MA)
Release Date : 1990
Selling Public Enterprises written by Leroy P. Jones and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.
The first book to use economic logic to develop a quantitative approach to making divestiture decisions.
Privatization In Practice
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Author : Joaquin Jay Gonzalez III
language : en
Publisher: McFarland
Release Date : 2016-06-30
Privatization In Practice written by Joaquin Jay Gonzalez III and has been published by McFarland this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-30 with Political Science categories.
Cost efficiency was the initial goal of privatization--achieved in many cases but not consistently. Public services provided by the private sector were cheap in the beginning but became increasingly expensive, especially to low-income citizens. The lessons learned from early successes and failures gave birth to a new goal--effectiveness of services, as measured by accountable results. Government officials are not looking just for proven budget savings; they must also be concerned with the quality of public services and ultimately the happiness of citizens and communities. In its updated second edition, this collection of essays explores the good and the bad sides of privatization. Instructors considering this book for use in a course may request an examination copy here.
Privatizing Public Enterprises
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Author : D. R. Steel
language : en
Publisher:
Release Date : 1984
Privatizing Public Enterprises written by D. R. Steel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Business & Economics categories.
Study of the privatization of public enterprises in the UK - discusses government attitude and trade union attitudes; considers the potential impact on trade unionization of unskilled workers and managers; examines economic implications of privatization in the telecommunications, power generation, electric power distribution, natural gas industry, etc.; outlines the role of mixed enterprises. Bibliography, graphs.