Privatization, Deregulation
and Economic Efficiency
This unique book offers a
comprehensive survey of the privatization and deregulation of the public sector in a
number of important developed and developing economies.
The first part examines the
privatization and deregulation process in Japan, Korea, India, Latin America, the US and
the UK. The authors examine the costs and benefits in each country and describe the
private initiatives and ongoing government intervention in the new markets. Wide country
coverage allows readers to compare and contrast the different regimes in each country,
particularly in the less studied Asian and Indian regions. The authors also describe the
regime in the US and UK, the forerunners of privatization initiatives, from which useful
policy lessons can be learnt in terms of ownership, price setting, universal service and
welfare implications. The second part offers sector surveys from important industries,
including telecommunications in Japan, India and Latin America, electricity in the UK and
US, and the banking sector in Japan.
Privatization, Deregulation
and Economic Efficiency will be useful supplementary reading for scholars and students of
the theory and practice of public economics, as well as for governments and NGOs
interested in the policy implications of the privatization and deregulation process.
Mitsuhiro Kagami is
Director-General of the Research Planning Department and Professor in the Institute of
Developing Economies at the Japan External Trade Organization (JETRO), Tokyo and Masatsugu
Tsuji is Professor of Economics and Vice-Dean in the Osaka School of International Public
Policy at Osaka University, Japan.
295pp