The nature of a country's institutional and policy environment, especially the quality of the legal framework and the predictability of government policy, is critical for attracting foreign direct investment (FDI). FDI is also affected by the quality of locally available resources, notably human...

The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of privatization to domestic owners are less impressive and...

This paper reviews the recent empirical evidence on privatization in developing countries, with particular emphasis on new areas of research such as the distributional impacts of privatization. Overall, the literature now reflects a more cautious and nuanced evaluation of privatization. Thus,...