Privatisation Experience Around the World

Privatisation of public sector undertakings is now one of the important concomitants of public finance policy. Liberalisation of trade and deregulation in many countries around the world has brought into focus the need for restructuring the privatisation of public sector enterprises. In this effort, it would be of immense help to policy framers, economists and practitioners to know the privatisation experience of other countries, both developing and developed, the pitfalls and successes they faced and to profit from such experience. It is in this context that the present book provides the first and very comprehensive study of such privatisation experience around the globe. This fascinating study brings sharply into focus the policy formulations and administrative arrangements that made a success or failure of their efforts. This is further buttressed with selected case studies of privatisation. The justification for a proper privatisation policy and the various methods of possible privatisation are also dealt with at length to provide the backdrop against which the country experience could be evaluated. This book fulfils the need for such a publication and it is a must for every economist, bureaucrat, administrator, student and politician interested in his country’s economic success.