The Privatization Process A Worldwide Perspective

by Anderson, Terry L.; Hill, Peter J.; Alston, Lee J.; Benjamin, Daniel K.; Hazlett, Thomas W.; Hide, Rodney; Karner, Margé; Libecap, Gary D.; McShane, Owen; Megginson, William L.; Nash, Robert C.; North, Douglass C.; Poole, Robert W., Jr.; Rubin, Paul H.; S

• ISBN13: 9780847681860
• ISBN10: 0847681866
• Format: Hardcover
• Copyright: 1996-06-04
• Publisher: Rowman & Littlefield Publishers

Summary

This volume examines the promises and pitfalls of national and global privatization, providing a variety of perspectives on how privatization can best be achieved. Supported by a wealth of empirical evidence, the contributors assess the institutional changes and economic impact of this worldwide phenomenon.

Table of Contents

Tables and Figures	vii
Acknowledgments	ix
Introduction The Political Economy of Privatization	xi
Terry L. Anderson
Peter J. Hill
Privatization for Economic Development	1	(18)
Robert W. Poole, Jr.
The Missing Ingredient: What Poor Countries Will Need to Make Their Markets Work	19	(6)
Hernando de Soto
Privatization, Incentives, and Economic Performance	25	(14)
Douglass C. North
Taxation, Enforcement Costs, and the Incentives to Privatize	39	(18)
Daniel K. Benjamin
Terry L. Anderson
Growing a Post-Communist Legal System	57	(24)
Paul H. Rubin
Spontaneous Privatization in Transition Economies	81	(16)
Peter J. Hill
Marge Karner
Bottom-up Privatization: The Czech Experience	97	(18)
Thomas W. Hazlett
The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis	115	(40)
William L. Megginson
Robert C. Nash
Matthias van Randenborgh
Politics and Property Rights: China's Reform Experiences	155	(22)
Barbara N. Sands
Between Mercantilism and Markets: An Analysis of Privatization in Mexico	177	(26)
Roberto Salinas-Leon
The Demand and Supply of Property Rights on the Frontier: The Case of North America and Brazil	203	(34)
Lee J. Alston
Gary D. Libecap
Robert Schneider
Can Privatization Succeed in a Western Democracy? Lessons from New Zealand	237	(20)
Rodney Hide
Owen McShane
Index	257	(8)
About the Political Economy Forum and the Authors	265