Description
This book provides an international analysis of privatization processes, and it shows that privatization is a difficult process that is often pursued in the absence of suitable economics and legal institutions. As a result, in most cases, the process has been partial and incomplete, which has led to private ownership coexisting with public control.
This book provides the first systematic empirical analysis of privatization processes worldwide to explain how and why governments privatize. Privatization is shown to be a difficult process, shaped by political preferences and budgetary constraints, often pursued in the absence of suitable economics and legal institutions. As a result, in most cases, the process has been partial and incomplete, so that private ownership tends to coexist with public control.
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