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INDEX 225
138–49; infrastructure’s nature Mali, 113t
and, 151–53, 152t; objectives, management: control theory and, 22;
149–50, 153–56; privatization economic theory and monitoring
trends and revenues, 33, 34t, of, 14–16; improvements, 207, 210
35–36f; problems of, 156–63, 161t; Manley administration, Jamaica, 146
varying approaches to, 150–51. See manufacturing sector: Africa, 115f,
also specifi c countries 116t; Western Europe, 39, 39f. See
Latvia, 85t also specifi c industries
Laurin, C., 59–60 market socialism, 11
layoffs. See labor issues marketization, 83, 209–10
Leamer, E., 89 Maskin, E., 19–20
legal and institutional framework, mass privatization, 1–2, 4, 9, 83–85,
xiv–xv; Africa, 115–18; CEE and 97n3
CIS, 78–79, 97n1; new emphasis Mauritania, 113t
on, 210–11; state reform versus McFaul, M., 89
privatization and, 206 McKenzie, D., 158
Lesotho, 113t Megginson, W. L., 52, 55, 56–57t,
Lewandowski, J., 97n3 58, 61
licensing, 130, 175, 177, 190, 204 Ménard, C., 127
Life Insurance Corporation of India, Menem administration, Argentina,
179 136, 141–42
Likoyanni, E., 50 Mexico, x, xviiin14, 136, 137, 139,
Lipton, D., 80, 82 140–41, 149–51, 154–55, 158
liquidity, 15–16, 47, 54–55 microeconomic variables, in Western
Lithuania, 84, 85t, 95 Europe: capitalism and ownership
Litwack, J., 19 diffusion, 60–62; fi nancial and
López-de-Silanes, F., 158, 188 operating performance, 55–60;
Lora, E., 137 ownership and control, 62–70
Lula administration, Brazil, 144–45 Middle East and North Africa
(MENA), 34t, 35–36f
Ma, H., 91–92 Milgrom, P., 22
Maastricht Treaty, 45 Miller, J., 18
Mackenzie, G. A., 48 mining sector: Latin America, 162;
Macquaries, 161 Peru, 148; Zambia, 122–23
macroeconomic variables, in Western minority equity stakes. See partial
Europe, 48–55; fi privatization nancial market
development, 50–55; fi monopolies, x–xi, 11–13, 202 scal
conditions, 48–50 Mookherjee, D., 158
Madagascar, 113t Moore, J., 21
mail delivery concessions, 13, 174 Morales administration, Bolivia,
Malawi, 113t 143–44
Malaysia, xiii–xiv Mozambique, 113t, 126, 129
