The Privatization Challenge: A Strategic, Legal, and Institutional Analysis of International Experience
This book discusses the essential strategic, legal, economic, and institutional issues relating to privatization of state-owned enterprises, with an emphasis on the policy dimensions of privatization. Special attention is given to issues arising in the context of liberalization and privatization of the telecommunications and other infrastructure sectors. The author draws on experiences of countries in all regions to illustrate the dynamic character of privatization. He demonstrates the complexity of the problems that can arise during this process, examines the relevance of available solutions, and provides useful reference points for policymakers, executives, and advisors. Annexes list legislation from more than 100 countries and 500 bibliographic references, as well as specialized journals and Internet resources on privatization.
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activities amended Argentina assets August authorities bankruptcy bidding billion buyers CANTV capital chapter Chile commission company law competition concession concession contract constitution contracts corporate corporatization Czech Czech Republic debt December Decree Decree-Law Development divestiture economic electricity employees entities established example February foreign golden share Hungary implementation infrastructure sectors institutions investment investors issues July June legislation liabilities licenses mass privatization MATAV ment minister ministry monopoly November OECD owners ownership parliament percent Peru Policy political private sector Privatisation privatiza privatization agency privatization funds privatization law privatization operations privatization process privatization program privatization techniques privatized company privatized enterprises procedures provides public enterprises public flotation public sector railways reform regulation Republic restructuring rules Russia shareholders specific state-owned enterprises strategy Telecom telecommunications Telmex tion transactions transfer transition countries Treuhandanstalt United Kingdom World Bank Zealand
Page 35 - The economic foundation of the USSR is the socialist system of economy and the socialist ownership of the instruments and means of production, firmly established as a result of the liquidation of the capitalist system of economy, the abolition of private ownership of the instruments and means of production, and the elimination of the exploitation of man by man.
Page 339 - The right by virtue of which a thing belongs to one, or is one's own ; ownership ; dominion ; the unrestricted and exclusive right to a thing ; the right to dispose of the substance of a thing in every legal way, to possess it, to use it and to exclude every one else from interfering with it.
Page 36 - Branches of production which are important for the State and which affect the life of most people shall be controlled by the State.
Page 38 - To the same end, laws may be submitted to the Constitutional Council, before their promulgation, by the President of the Republic, the Prime Minister, the President of the National Assembly, the President of the Senate, or any 60 deputies or 60 senators.
Page 53 - Yarrow made the point a decade ago already that "in general, competition and regulation are likely to be more important determinants of economic performance than ownership.
Page 324 - Authorizing the Financing, Construction, Operation and Maintenance of Infrastructure Projects by the Private Sector and for Other Purposes as amended by RA No.
Page 345 - Privatization and Employment: a Study of the Jute Industry in Bangladesh', American Economic Review 85 (1):267- 273.
Page 337 - Corporation under paragraph (1) — "(A) the Corporation shall also be considered insolvent if the Corporation is unable to pay its debts as they fall due in the ordinary course of business...