Despite the move away from traditional public monopolies, most Asian governments are still unwilling to allow unrestricted entry in telecommunications, eliminate limits on private and foreign ownership, and establish strong, independent regulators. But where comprehensive reform has been...

The authors examine the liberalization of the basic telecommunications sector in Asian countries with a view to identifying good policy and determining how multilateral negotiations can promote it. They find that most Asian governments, despite the move away from traditional public monopolies,...

Ongoing privatization and financial liberalization in emerging economies have let to continuous growth in the number of depository receipt offerings from these countries. Asian and Latin American companies have been the biggest source of offerings. The main advantages of depository receipts stem...