Challenges of Privatization, The: An International Analysis

by Bernardo Bortolotti, Domenico Siniscalco

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.

172 pages, Hardcover

First published January 1, 2004