Titlebook: Why Do Governments Divest?; The Macroeconomics o Alfred Schipke Book 2001 Springer-Verlag Berlin Heidelberg 2001 Inflation.Nationalization.

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muscle-fibers

Introduction, sectors for sale, including those once considered off limits, such as telecommunications, railroads, and national airlines. The numbers speak for themselves. According to Privatization International, more than 100 countries have divested public assets. In 1997, the value of worldwide privatization

GOUGE

Economic Growth and Efficiency,t in the economy’s growth potential. The current global enthusiasm for privatization suggests that most governments have concluded that this is indeed the case and that a reduction in government activity will be synonymous with improvements in economic efficiency and growth. Such a view is quite con

CHOKE

The Politics of Privatization,ng standards. Most discussions on privatization suggest that policymakers are indeed primarily motivated by a desire to improve economic efficiency and growth. For example, Mark Baker from Privatization International suggests that:

chemoprevention

Fiscal Considerations of Privatization,on—efficiency gains are only one possible motive for governments to engage in large-scale privatization. The following chapter examines the various circumstances under which fiscal considerations may instead provide incentives for privatization.

neutral-posture

Macroeconomic Considerations of Privatization,macroeconomic considerations might also play a role in the decision-making process of policymakers to pursue the divestment of public assets. The following section will analyze monetary, balance-of-payments and employment considerations of privatization.

acrobat

Modeling the Effects of Privatization,wing section applies a framework that is frequently used by governments to evaluate short- and medium-term policy options. Despite its limitations., it can be used to illustrate quantitatively why policymakers might be inclined to use privatization to manage particular macroeconomic challenges and w

inclusive

granite

Summary and Conclusion,ernments to use privatization as an instrument of public policy. By now, most governments have taken advantage of this new instrument and have divested or are currently in the process of divesting a large portion of their public assets.

Semblance

Book 2001ears. In the course of this privatization movement, microeconomic efficiency arguments have become the standard justification for the divestment of public assets. This book presents an alternate view and argues that short-term macroeconomic considerations are often the true motive behind privatizati