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Foreword to Privatization: Successes and Failures

Joseph Stiglitz

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Paper  390kb pdf
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This is a foreword to IPD's volume on privatization which brings together some of the world’s foremost experts on the subject of privatization, presenting a comprehensive overview of the issues as well as coverage of specific privatization projects undertaken in different continents, with a sophisticated analysis of the trade-offs involved. It is written not just for academics but also for a far wider audience of policy makers and for all those who want to understand all sides of the privatization debate and want to participate in the search for ways to manage the privatization process to maximize the likelihood of success and enhance sustainable economic growth in developing countries.

About the Author

Joseph Stiglitz
Co-President
Initiative for Policy Dialogue

Joseph E. Stiglitz is co-founder and Executive Director of the Initiative for Policy Dialogue at Columbia University, for which he also co-chairs the macroeconomics, Capital Market Liberalization, and Intellectual Property task forces. Dr. Stiglitz holds joint professorships at Columbia University's Economics Department and its Business School. From 1997 to 2000 he was the World Bank's Senior Vice President for Development Economics and Chief Economist. From 1995- 97 he served as Chairman of the U.S. Council of Economic Advisers and as a member of President Clinton's cabinet. From 1993 to 1995 he was a member of the Council of Economic Advisers. He was previously a professor of economics at Stanford, Princeton, Yale, and All Souls College. Dr. Stiglitz is a leading scholar of the economics of the public sector and was awarded the Nobel Prize in Economics in 2001 in addition to the American Economic Association's biennial John Bates Clark Award in 1979. His work has been recognized through his election as a fellow to the National Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, and the British Academy.

Publication Information

Type Working Papers
Program Privatization
Download 390kb pdf
Posted 12/01/07