The withdrawal of Governments from the role of producing and delivering services, and their assumption of the dual roles of enabling and regulating, are major changes in the way that societies provide for their needs. Governments enable private delivery of services through financing, subsidizing, promoting and contracting. They regulate by setting policy, legal frameworks and standards of operation. These new tasks are more difficult and complex than governments had before. New organizational structures have to be built and new skills imparted to carry out new functions, and new attitudes developed to displace a culture of risk avoidance and secrecy. Governments need to be able to analyse market conditions; set policy frameworks; draw up, negotiate and enforce contracts; regulate monopolies; coordinate, finance and support producers; enable community self-provision; and provide consumers with information on their options and remedies. There is a growing realization that privatization is not the end of government participation but rather a new beginning.
1. Report of the Experts -- 2. Globalization, Financial Instability and Privatization / C. Vaitsos -- 3. Corporate Governance and Restructuring: Policy Lessons from Transition Economies / Mark Dutz and Maria Vagliasindi -- 4. Stock Market Growth and Privatization in Developing Countries / David Hale -- 5. The Political Economy / Ahmed Galal -- 6. Mobilization of Support for Privatization / D.M. Bhouraskar -- 7. Privatization, Social Impact and Social Safety Nets / Sanjeev Gupta, Henry Ma and Christian Schiller -- 8. Promotion of Competition / R. Shyam Khemani -- 9. Valuation and Finance Issues in Privatization: The Perspective of a Government Advisor / Tessie San Martin -- 10. Regulation Policies Concerning Natural Monopolies / S.R. Kim and A. Horn -- 11. Accountability, Transparency and Corruption in Privatization and Monopoly Regulation / Tony Bennett -- 12 International Cooperation in Privatization Programme and Policy Management / Keith Hillyer -- 13. The Ghana Experience / G.B. Opoku -- 14. New Developments and Issues Arising in Jamaica’s Privatization Programme and Critical Factors in its Success / Leroy Phoenix -- 15. Privatization in Malaysia / Hanifah Hassan -- 16. Privatization in Poland: Major Issues, Trends and Policy Concerns / Ryszard Rapacki.

[275] p. : graphs, tables

Includes bibliographical references.