The privatization of state-owned telecommunication companies began in Asia in Japan in the 1980s and gathered pace during the 1990s. To judge the results requires a prior understanding of the aims and objectives of privatization and even an agreed definition of privatization. In its widest context, privatization can refer to a range of policies to embrace private sector capital in the developme...

Government ownership may dominate private ownership under government failure. Such dominance disappears as product markets grow mature, giving rise to the need for privatization. Buyers’ limited wealth imposes a constraint on how and when privatization takes place. In particular, firms may be underpriced during privatization, and privatization may take place at a sub-optimal timing which result...

: In recent years, privatization has become common across Africa, reversing the long-term growth in state ownership of business enterprises. Many have interpreted this as entailing the abandonment of the developmental objectives that state enterprises were established to pursue. Others, however, have suggested that the privatization process can itself provide a new means through which the same ...

: In recent years, privatization has become common across Africa, reversing the long-term growth in state ownership of business enterprises. Many have interpreted this as entailing the abandonment of the developmental objectives that state enterprises were established to pursue. Others, however, have suggested that the privatization process can itself provide a new means through which the same ...

This paper compares the performance of privatized and state firms in the transition economies of Central Europe, while controlling for various forms of selection bias. It argues that privatization has different effects depending on the types of owners to whom it gives control. In particular, privatization to outsider, but not insider, owners has significant performance effects. Where privatizat...

This paper estimates the relative multi-factor productivity (MFP) of privatized and state-owned enterprises using a long panel on all initially state-owned manufacturing firms in Ukraine. The large size and length of the time series in the data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells and with controls for firm fixed eff...

The privatization of war was an objective reality of the political trends. Globalization, information, Technological democratization and Decentralization of power were the root causes of the privatization of war. To world security and national and personal security, the world and the people should be concerned about the development trend of the privatization of war.

This study addresses the issue of housing privatization in Russia in the course of the1990s. Privatization was started as a first step for creation of housing market in order to efficiently allocate resources in the use and production of housing, as well as to phase out the state budget financing of housing. Unlike the other post-socialist countries where housing was sold to the residents at di...