By Pierre Guislain
This ebook discusses the basic strategic, criminal, financial, and institutional matters when it comes to privatization of state-owned firms, with an emphasis at the coverage dimensions of privatization. exact realization is given to concerns coming up within the context of liberalization and privatization of the telecommunications and different infrastructure sectors. the writer attracts on studies of nations in all areas to demonstrate the dynamic personality of privatization. He demonstrates the complexity of the issues which may come up in this procedure, examines the relevance of obtainable options, and offers helpful reference issues for policymakers, executives, and advisors. Annexes checklist laws from greater than a hundred nations and 500 bibliographic references, in addition to really good journals and web assets on privatization.
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Extra info for The privatization challenge: a strategic, legal, and institutional analysis of international experience
First described is the backdrop to privatization, followed by a discussion of the broad principles of design of a privatization strategy. Next examined is the constitutional, legal, and regu- 11. It should be noted that this work does not emphasize actual sale techniques or transactional issues. That is not, of course, to detract from the importance of the transaction aspect of privatization. On the contrary, selecting and implementing the appropriate techniques is extremely important. A good strategic, legal, and institutional framework will serve little purpose if the actual transactions are handled unskillfully by inexperienced or inadequately qualified officials.
Rapid changes in the international economy have also helped hasten the decline of the typical SOE. Globalization of the economy, accelerated technological innovation, and growing integration of markets compel businesses to adopt highly flexible strategies and continuously adjust them to changing circumstances. That may, among other things, require the formation of alliances with foreign partners in the area of technology, procurement, or trade, or even through cross-shareholdings or integration in international groups.
Even the best privatization legislation is worthless without a suitably designed institutional framework for implementation. In addition to national privatization agencies and committees, chapter 6 deals with privatization funds, which play a major role in mass privatization programs. The final section is devoted to privatization consultants, including legal and financial advisers. Chapter 7. Some sectors have features that affect the way in which they can be privatized. Chapter 7 explores the special case of the privatization of infrastructure sectors, with special emphasis on telecommunications.
The privatization challenge: a strategic, legal, and institutional analysis of international experience by Pierre Guislain