This book explores the different aspects of privatization. It charts the emergence of privatization and looks at how and why countries privatize their state-owned enterprises (SOEs). It examines the impact of privatization on financial markets, and transition and nontransition economies. It analyzes the privatization experiences of five industries that have seen the largest number of state ownership sales: telecommunications, banking, oil and gas, electricity production and distribution, and commercial airlines. The key lessons of privatization based on experience and empirical research as wel ... More

This book explores the different aspects of privatization. It charts the emergence of privatization and looks at how and why countries privatize their state-owned enterprises (SOEs). It examines the impact of privatization on financial markets, and transition and nontransition economies. It analyzes the privatization experiences of five industries that have seen the largest number of state ownership sales: telecommunications, banking, oil and gas, electricity production and distribution, and commercial airlines. The key lessons of privatization based on experience and empirical research as well as unresolved issues in privatization policy and research are discussed.