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Governance, Regulation, and Privatization in the Asia-Pacific Region, Hardback Book

Governance, Regulation, and Privatization in the Asia-Pacific Region Hardback

Edited by Takatoshi Ito, Anne O. Krueger

Part of the (NBER) National Bureau of Economic Research East Asia Seminar on Economics series

Hardback

Available to Order - This title is available to order, with delivery expected within 2 weeks

Description

Over the last twenty-five years, there has been an acceleration in the move from government regulation toward privatization.

Governance, Regulation, and Privatization in the Asia-Pacific Region is the first thoroughgoing account of the relative success of the different approaches to privatization as undertaken in Korea, China, Australia, and Japan.

In most contexts, privatization is expected to yield greater efficiency and cost effectiveness while avoiding the corruption and bloated budgets of government regulation or monopoly control.

But broad-scale privatization, as implemented in East Asia, has also yielded its share of difficulties when ill-designed.

Due to a lack of both legal infrastructure and management guidelines, privatization sometimes created a vacuum in corporate governance for some of the region's most important industries and in some cases merely reinstated monopoly-like configurations.

The papers presented in this book analyze the experiences of privatization in several industries, including railroads and telecoms, as well as corporate governance problems, accounting issues, and challenges for the future in East Asia.

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£110.00

Available to Order - This title is available to order, with delivery expected within 2 weeks
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