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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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224 INDEX India (continued) Istituto per la Ricostruzione 177–79; effi Industriale (IRI), 36, 43 ciency effects, 172, 187–89; historical context of state Italy: control type, 68t; fi nancial ownership, 170–71, 173–75; market development, 51, 52, 53t, infrastructure industries, 194–96; 54; percentage of capital sold, 63t; labor issues, 172, 193–94; partial privatization trends and revenues, privatization, 171–72, 178, 180, 34, 36, 38f, 39, 46, 46f, 50; size of 182–84, 187–89; politics and SOE sector, 42t, 43, 44 patronage and, 171–72, 185–87; progress in, 179–85, 180t, 181t; Jamaica, 136, 140, 146, 149, 150 retrenchment programs, 193–94; Jammal, Y., 125 revenues, 170, 174, 179, 183; Jeronimo, V., 50 strategic sales, 171, 183–85 Jones, D., 95 industrial organization theory, 9, Jones, L., 125 11–13 Jones, S., 182 Industrial Policy Resolution, of India, jute mills, in Bangladesh, 191–92, 174, 177, 189 194 informational asymmetry, contract theory and, 9–10, 13–20 Katsoulakos, Y., 50 infrastructure companies: Argentina, Kelohariju, M., 61–62 142; Chile, 140; India, 194–96; Kenya, 113t, 114f Latin America, 151–53. See also Keren, M., 18 specifi c industries Khan, M., 191–92, 194 innovation, contract theory and King, L. P., 91 incentives for, 24–25 Kirchner administration, Argentina, Institudo Nacional de Industria 142 (INI), 43 Knupfer, G., 61–62 institutional strength, African success Kocˇenda, E., 80, 95, 97nn2,4 or failure, 115–18, 123–24, Korea, xi 128–29, 132n10 Kornai, J., 19 Instituto de Fomento Industrial, 145 Intel (Panama), 147 La Porta, R., 188 International Monetary Fund (IMF), labor issues: Africa, 118, 132n12; xi, xiv; Africa and, 111–12, 120, Bangladesh, 191–92; CEE and CIS, 133n19; Bolivia and, 143 91–95; India, 172, 185, 186–87, International Water, 159 193–94; Latin America, 155, 158; intervention, contract theory and, Zambia, 121–22, 132n16 23–24 Laffont, J., 14, 15, 17, 18, 20, 22–23 Investimentos e Participaçoes do Lagos administration, Chile, 140 Estado (IPE), 45 Latin America, 136–69; achievements invisible hand conjecture, xii of, 153–56; country-specifi c initial Ireland, 36, 38f, 68t conditions and justifi cations,
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(c) 2025 Columbia University Press. All Rights reserved.
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Privatization: Successes and Failures
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