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Privatization: Successes and Failures
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(c) 2025 Columbia University Press. All Rights reserved.
Page 7
Table of Contents
Page 9
Foreword. Joseph E. Stiglitz
Page 21
Acknowledgments
Page 25
Introduction. Gérard Roland
Page 33
1. Private and Public Ownership in Economic Theory. Gérard Roland
Page 56
2. Privatization in Western Europe: Stylized Facts, Outcomes, and Open Issues. Bernardo Bortolotti and Valentina Milella
Page 100
3. Privatization in Central and Eastern Europe and the Commonwealth of Independent States. Jan Hanousek, Evžen Kocenda, and Jan Svejnar
Page 133
4. Privatization in Africa: What Has Happened? What Is to Be Done? John Nellis
Page 160
5. Privatization in Latin America: The Good, the Ugly, and the Unfair. Antonio Estache and Lourdes Trujillo
Page 194
6. Privatization in South Asia. Nandini Gupta
Page 223
7. A Critical Review of the Evolving Privatization Debate. Jomo K. S.
Page 237
Contributors
Page 243
Index
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Table of Contents (2)
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Foreword. Joseph E. Stiglitz (12)
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Acknowledgments (4)
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Introduction. Gérard Roland (8)
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1. Private and Public Ownership in Economic Theory. Gérard Roland (23)
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2. Privatization in Western Europe: Stylized Facts, Outcomes, and Open Issues. Bernardo Bortolotti and Valentina Milella (44)
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3. Privatization in Central and Eastern Europe and the Commonwealth of Independent States. Jan Hanousek, Evžen Kocenda, and Jan Svejnar (33)
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4. Privatization in Africa: What Has Happened? What Is to Be Done? John Nellis (27)
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5. Privatization in Latin America: The Good, the Ugly, and the Unfair. Antonio Estache and Lourdes Trujillo (34)
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6. Privatization in South Asia. Nandini Gupta (29)
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7. A Critical Review of the Evolving Privatization Debate. Jomo K. S. (14)
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Contributors (6)
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Index (13)
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INDEX 221 Checchi, D., 153 Peru, 148; renegotiation of, 160, Chile: initial conditions/objectives, 161t 136, 139–40, 149–50, 151; Congo, 113t performance evaluations, 154, 155 Constellation, 147 Chisari, O., 157, 158 construction sector, Western Europe, Chong, A., 158 39f Clarke, G., 127 contract theory: complete contracts, Clarke, T., 61 9–10, 13–20; incomplete contracts, Coastal, 147 10, 20–27 Cochabamba, Bolivia, 143, 159 control rights, contract theory and, Collor administration, Brazil, 144 10, 20–26 Colombia, 136, 137, 145, 150, 154 copper mines, in Zambia, 122–23 commercialization, 83, 209–10 copycatting, in Latin America, 139 Commissariat Général au Plan, 44 corruption, xv, 2, 3, 21; CEE and commitment, economic theory and CIS, 78–79; contract theory, governments’ lack of, 16–20 25–27; Latin America, 164; Committee on Disinvestment of privatization theory, ix–x, 202, Shares in Public Sector Units, 206; Zambia, 119–20 India, 177–78 Cosset, J-C., 124, 187–88 Commonwealth of Independent Costa Rica, 137 States (CIS), 76–108, 200; Côte d’Ivoire, 112, 113t, 114f, 125, enterprise restructuring, 80–85; 127, 130, 131n2 extent of privatization, 89; fi Crédit Communal de Belgique, 44 scal performance, 90–96; legal and Czech Republic, 25; private sector institutional framework, 78–79, share, 85t; transition strategies, 83, 97n1; policies, 77–78; privatization 84, 87, 93, 96 trends and revenues, 33, 34t, 35–36f; sequencing and, 78, 85–89 de Castro, J., 88–89 competition, 7–8, 16; India, 172, de John, D., 90 189–90; Latin America, 154–55, de la Madrid administration, Mexico, 160–63; management and, 16; 141 state reform versus privatization, de la Rua administration, Argentina, 206–7 142 competitive equilibrium, 10 Debreu, G., xii, 10 complete contracts, 9–10, 13–20; “deep” privatization, 39, 84 commitment problem, 18–20; defense sector, 67 government information about Deloitte and Touche, 129 fi Denmark, 38f, 40, 63t, 68t rms, 16–18; monitoring of managers, 14–16 Deutsche Postbank, 37 concession contracts, in Latin Deutsche Telekom, 37 America, 152–53, 152t, 154; Dewatripont, M., 19–20, 81 Argentina, 142; Colombia, 145; Dinc, S., 186–87
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