Privatization: A Global Perspective

Privatization: A Global Perspective

Privatization: A Global Perspective

Privatization: A Global Perspective


Privatization has been the spearhead of the moves towards deregulation that have characterized economic policy during the last decade. Privatisationdocuments the most recent developments in privatization in a wide range of country studies, and represents the most comprehensive and detailed survey of privatization to date. The contributors focus on specifics rather than repeating the well-known cases for and against privatization. The main features of each country's privatization program are outlined and the particular successes and problems are highlighted. Material from developed, developing and formerly socialist countries is made available in a comparable format, and the distinguishing features of comparison and contrast, as well as broad conclusions, are presented in the concluding review by the editor. The contributors include academics, ministers, public enterprise executives, accountants and other eminent specialists.


The United Nations Development Programme (UNDP) assists developing nations, at their request, to make the transition to market-oriented economies. One of the options that many countries are interested in pursuing is the privatization of nationalized or parastatal enterprises, which may be operating inefficiently and causing a drain on public revenues.

This volume reflects the continuing efforts of UNDP's Interregional Network on Privatization in promoting substantive studies by experts in the field. In doing so, it builds on the important groundwork laid by the 1989 volume, Privatisation in Developing Countries.

This book offers a global perspective, drawn from the experiences of 25 countries around the world, with its main focus on Eastern Europe and the developing countries. Enthusiasm for moving from state-managed to market-driven economies is abundant, but lack of experience often impedes rapid implementation. The detailed reviews of country experiences presented here provide numerous perspectives on privatization policies and processes.

UNDP recently established a Division for Private Sector in Development (DPSD) and encourages the use of resources under its various programmes to enable the private sector to play an enhanced role as an engine of development. The Interregional Privatization Network established with DGIP support has been utilized by DPSD in helping developing countries in several ways. The 1991 publication of Guidelines on Privatisation has been well received in developing countries. An important contribution of the Network on Privatization has been its assistance in organizing national workshops in collaboration with requesting governments, field offices and DPSD on privatization in Eastern Europe, India, Myanmar, Nepal, Panama, Trinidad and Tobago, and Uganda. UNDP's assistance in this politically sensitive area seems particularly appropriate, given its impartiality and neutrality.

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