This article presents and then critiques arguments made by those advocating the privatization of Social Security. It refutes the argument that baby boomers will find themselves without Social Security pensions unless fundamental changes are made. It questions the claims that privatization would increase economic growth, reduce the federal deficit, make the nation more competitive in the global ...

At a relatively early stage in comparison with other Central and Eastern European countries, Hungarian nephrologists together with private investors started a privatization of the dialysis sector, after political and economical revolution in this region. Privatization positively influenced, both quantitatively and qualitatively, this part of renal replacement therapy [1]. Looking at the rest of...

The 1990s was the decade of privatization and deregulation. Although the strategy was largely pioneered in the mature Western economies, the notion that liberalization could improve economic efficiency and at the same time generate income streams that could alleviate fiscal imbalances was rapidly extended to developing countries. Private sector investors would pay to acquire publicly owned asse...

Economists have long recognized that institutions shape incentives and therefore have an enormous influence on economic growth, but economists have only recently been concerned with understanding the forces that may hinder the emergence of efficient institutions. Because of a lack of secure property rights—the rule of law—many countries remain poor. This paper addresses one issue pertinent to i...

China started forest land tenure reform in the early 1980s. The household responsibility system (HRS) was usually referred to as reform even though various forms of reforms have been developed from region to region. More importantly, the approaches to reform have been evolving through time. A trend toward privatization became more apparent when the Central Government started a pilot experiment ...