International privatisation

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The book provides a comprehensive exploration of international privatisation policies and their implications across various regions and sectors. It begins with an introduction to the concept of privatisation, followed by a detailed examination of its internationalisation and legal techniques. The first part discusses the retreat of the state in advanced economies, highlighting American-style privatisation, state-owned housing, and employment policies in local authorities, along with the restructuring of the steel industry and the partial privatisation of the Commonwealth Bank of Australia. The second part focuses on the marketisation of planned economies, particularly in Eastern Europe and the former Soviet Union, addressing the role of banking in privatisation, the challenges faced in Hungary, East Germany, and Poland, and the complexities of post-Soviet privatisation. The third section examines the intersection of privatisation with public sector development, comparing policies in China and South Africa, and discussing the privatisation of public enterprises in less developed countries, including Botswana. Finally, the book addresses the reconstruction of the public sector, emphasizing performance measurement, quality assurance, and social accountability. It draws on contributions from various experts, offering insights into the strategies and practices of privatisation globally.