Privatization

Privatization of large state-owned enterprises was a radical and new policy implemented late last century. While right wing governments engaged in privatization to minimize the size of government, left wing governments—disappointed with the inefficiencies of large state-owned firms—implemented privatization policies in order to generate greater revenues and competition. These policies generated huge controversies. The Privatization Task Force convenes some of the best experts in the world to debate and write on the privatization programs of Eastern Europe, Africa, Latin America, and Asia. It analyzes successes and failures, reasons for each, and presents alternative ideas and frameworks for countries that are formulating privatization policy and programs.