The Problems of Privatization An International Analysis [Hardcover]

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.

Introduction
1. The Economic Theory of Privatization
2. Privatization Around the World
3. The Determinants of Privatization
4. How do Governments Privatize?
5. Private Ownership, Public Control
6. Privatizing Monopolies
Conclusions
Appendix I: Data and Methodology
Appendix 2: Importing Investor Protection
Appendix 3: Golden Shares Around the World

A useful addition to the privatization literature. --Choice

Bernardo Bortolotti is Assistant Professor of Economics at the University of Turin. He obtained a PhD in economics from the Catholic University of Louvain, and a Doctorate in Economics from the University of Siena. He is co-ordinator of the research unit 'Privatization, Regulation, Antitrust' at Fondazione Eni Enrico Mattei, Milan. His research interests are in privatization, regulation, corporate governance, and auction theory. His work has been published in several international journals, such as theJournal of Public Economics, theInternational Review of Finance, andTelecommunicationPolicy. In 2002 he was made Secretary of the Italian Global Advisory Committee on Privatization. Domenico Siniscalco is the Director General of the Treasury of the Italian Ministry of Economics and Finance. He is Professor of Economics at the University of Turin and former Managing Director of Fondazione Eni Enrico Mattei. He obtained a PhD in Economics from Cambridge University. He has published extensively in refereed journallñ