This paper provides a critical review of the World Bank Policy Research Report, Bureaucrats in Business, commenting on its position relative to the previous reports in the series and on the new privatization synthesis-the theoretical basis underlying the Bank's approach. The detailed critique...

Drawing upon the long-run solutions to a number of models in which there are economies of scale and differing degrees of intra-sectoral competition, conditions are found under which an industry's development will spread to further countries and under which the domestic industry should be...