This paper examines the role that privatization can play within a wider strategy designed to overcome the problems associated with public enterprises. For this purpose, privatization is defined as a transfer of ownership and control from the public to the private sector, with particular...

This paper considers whether privatization is an appropriate response to the problems associated with large public enterprise sectors in industrial and developing countries. It is argued that privatization is likely to be the source of some gains in efficiency, as privatized enterprises are less...

This handbook, edited by Ke-young Chu and Richard Hemming, offers guidance to officials formulating public policy recommendations, so that the aggregate level of public spending conforms with the economy's overall resource capacity. The handbook looks at the impact of public spending on the...