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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 223 France, xi; control type, 68t; fi Greece, x, 36, 38f, 50, 68t nancial and operating performance, 59–60; Greenwald, B., xii fi Grigorian, D. A., 95 nancial market development, 50–51, 53t, 54; percentage of Grossman, S., xii, 13, 21 capital sold, 63, 63t; privatization Guatemala, 136 trends and revenues, 36, 37, 38f, Guedhami, O., 187–88 46, 46f; size of SOE sector, 41, 42t, Guesnerie, R., 18 43, 44–45 Guinea, 113t; water privatization, France Telecom, 36, 37 109–11, 127, 128, 131nn3,4,5 Freixas, X., 18 Guinea Bissau, 113t Frenkel, J., 78 Gupta, B., 192, 194 Frydman, R., 19, 95 Gupta, N., 87, 93, 172, 183, 186–90 Fujimoro administration, Peru, 148 Gupta, S., 91–92 full sale/divestiture, in Latin America, Gylfason, T., 90 150–51 Haltiwanger, J., 193–94 Gabon, 113t Ham, J., 87, 93 Gaidar, Yegor, 82–83 Hanousek, J., 80, 95, 97nn2,4 Gallagher index, 47 Hansen, N., 90 Gambia, 113t Harbaugh, R., 183 Garcia administration, Peru, 149 Hart, O., 13, 19, 21, 24 Gaza, 129 Henig, J., 88 Germany: control type, 68t; fi Hindustan Zinc, 184–85 nancial market development, 50, 53t; Hoff, K., xviiin18 percentage of capital sold, 63, 63t; holding companies, 36, 44–45, 82 privatization trends and revenues, Holström, B., 15, 22 37, 38f, 39, 46f; size of SOE sector, Honduras, 137 41, 42t, 43 Hungary, 11, 85t, 200; transition Ghana, 112, 113t, 114f, 125–26 strategies, 81, 82, 83 Glaeser, E., 25–26, 86–88 Global Development Finance Report, Iceland, 38f 179 ideology, as motivation, 88, 149 Godoy, S., xviiin18 Iguazu Falls, 142 Gökçe, S., 50 imperfect competition, 11–13 Gokgur, N., 125 incomplete contracts, 10, 20–27; golden shares: CEE and CIS, 84; state corruption, 25–26; difference in reform versus privatization, 206, objectives, 21–23; government 207; Western Europe, 33, 67–69 intervention, 23–24; incentives for Goldstein, A., 60 innovation, 24–25 Gomulka, S., 82 India: competition, 172, 189–90; gradual privatization, 1, 4, 81, 151, economic characteristics, 176t; 183, 185 economic reforms, 171, 175,
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(c) 2025 Columbia University Press. All Rights reserved.
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