Privatization In Competitive Sectors

Author : Sunita Kikeri
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.56/5 ( download)

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Download or read book Privatization in Competitive Sectors written by Sunita Kikeri and published by . This book was released on 2016 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews recent evidence on the impact of privatization. It focuses on traditional privatization efforts involving firms in competitive markets. It shows that privatization improves firms' financial and operating performance, yields positive fiscal and macroeconomic benefits (proceeds are saved rather than spent, transfers decline, and governments start collecting taxes from privatized firms), and improves overall welfare. The popular view that privatization always leads to layoffs is unfounded. While highly protected firms have seen significant declines in net employment, competitive firms generally experienced slight declines if any. Privatization's effects on wealth and income distribution have only recently been receiving the attention of analysts, and research is just getting underway.The paper highlights the conditions for successful privatization: strong political commitment combined with wider public understanding of and support for the process; creation of competitive markets through removal of entry and exit barriers, financial sector reforms that create commercially oriented banking systems, effective regulatory frameworks that reinforce the benefits of private ownership; transparency in the privatization process; and measures to mitigate adverse social and environmental effects.This paper - a product of the Private Provision of Public Services Division, Private Sector Advisory Services Department - is part of a larger effort in the department to analyze and disseminate recent findings in private sector development. The authors may be contacted at [email protected] or [email protected].

Author : Sunita Kikeri
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4./5 ( download)

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Download or read book Privatization in Competitive Sectors written by Sunita Kikeri and published by World Bank Publications. This book was released on 2002 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Sunita Kikeri
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.36/5 ( download)

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Download or read book Privatization in Competitive Sectors written by Sunita Kikeri and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews recent evidence on the impact of privatization. It focuses on traditional privatization efforts involving firms in competitive markets. It shows that privatization improves firms' financial and operating performance, yields positive fiscal and macroeconomic benefits (proceeds are saved rather than spent, transfers decline, and governments start collecting taxes from privatized firms), and improves overall welfare. The popular view that privatization always leads to layoffs is unfounded. While highly protected firms have seen significant declines in net employment, competitive firms generally experienced slight declines if any. Privatization's effects on wealth and income distribution have only recently been receiving the attention of analysts, and research is just getting underway. The paper highlights the conditions for successful privatization: strong political commitment combined with wider public understanding of and support for the process; creation of competitive markets through removal of entry and exit barriers, financial sector reforms that create commercially oriented banking systems, effective regulatory frameworks that reinforce the benefits of private ownership; transparency in the privatization process; and measures to mitigate adverse social and environmental effects.

Author : Gérard Roland
Publisher : Columbia University Press
ISBN 13 : 0231141602
Total Pages : 257 pages
Book Rating : 4.04/5 ( download)

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Download or read book Privatization written by Gérard Roland and published by Columbia University Press. This book was released on 2008 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: The privatization of large state-owned enterprises is one of the most radical policy developments of the last quarter century. Right-wing governments have privatized in an effort to decrease the size of government, while left-wing governments have privatized either to compensate for the failures of state-owned firms or to generate revenues. In this way, privatization has spread from Europe to Latin America, from Asia to Africa, reaching its zenith with Central and Eastern Europe's transition from socialism to capitalism. In many countries state ownership has been an important tool in bringing cheap water, energy, and transport to poorer segments of the population. In other instances, it has sponsored aggressive cutbacks, corruption, and cronyism. Privatization: Successes and Failures evaluates the practices and results of privatization in Eastern Europe, Africa, Latin America, and Asia. Featuring the world's leading economists and experts on privatization, this volume offers a broad and balanced analysis of specific privatization projects and uncovers some surprising trends. Partial privatization, for example, tends to be more widespread than one might think, and the effects of privatization on efficiency are generally mixed but rarely negative. Also, while privatization appears uncontroversial in competitive sectors, it becomes increasingly complex in more monopolistic sectors where good regulation is crucial. Privatization concludes with alternative frameworks for countries in Africa and other regions that seek to develop privatization policy and programs.

Author : Hubert Gabrisch
Publisher : Palgrave Macmillan
ISBN 13 : 9781403934949
Total Pages : 256 pages
Book Rating : 4.40/5 ( download)

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Download or read book The Success and Failures of Economic Transition written by Hubert Gabrisch and published by Palgrave Macmillan. This book was released on 2008-01-08 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thisbook assumes transformation of former socialist countries of Europe to a market economy to be a political concept, having a start and an end. Transformation is analyzed from the perspective of the end (EU membership), and not of the inherited burdens from the socialist system. Additionally, the authors look at the results of transformation and its ability to improve social standards, income, and growth.

Author : Ioannis Nicolaos Kessides
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.46/5 ( download)

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Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264180583
Total Pages : 216 pages
Book Rating : 4.81/5 ( download)

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Download or read book Privatisation, Competition and Regulation written by OECD and published by OECD Publishing. This book was released on 2000-02-08 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together a number of papers discussing the interrelationship among privatisation, competition and regulation. The papers make reference to the experience of different countries with privatisation in a wide range of infrastructure sectors.

Author : Sunita Kikeri
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4./5 ( download)

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Download or read book Privatization written by Sunita Kikeri and published by World Bank Publications. This book was released on 2005 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.

Author : Elliott Sclar
Publisher : Cornell University Press
ISBN 13 : 9780801487620
Total Pages : 214 pages
Book Rating : 4.25/5 ( download)

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Download or read book You Don't Always Get what You Pay for written by Elliott Sclar and published by Cornell University Press. This book was released on 2000 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an assessment of the pros and cons of public sector privatization, Sclar (urban planning, Columbia U.), who is affiliated with the Economic Policy Institute in Washington, DC, warns that outsourcing services may not result in leaner US government. He examines alternatives and offers tips for public sector reform. Annotation copyrighted by Book News Inc., Portland, OR

Author : International Labour Office
Publisher : International Labour Organization
ISBN 13 : 9789221091981
Total Pages : 330 pages
Book Rating : 4.88/5 ( download)

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Download or read book Management for Privatization written by International Labour Office and published by International Labour Organization. This book was released on 1995 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work traces the impact of privatization of state-owned enterprises on management practices and strategies. It covers methods of privatization and the barriers faced by managers, includes case studies of industry and public services in industrialized, developing and former socialist countries, and identifies training needs. It aims to build management development capacity and to prepare managers for the challenges of privatization and a new competitive environment.; The book is divided into four parts. Part One covers: the reasons for, and main methods of privatization; the environmental,