Privatizing Monopolies

Privatization has become increasingly important as national governments fell the pressure to reduce public spending, expand service, improve quality, and raise efficiency. An interdisciplinary team of business school faculty, economists, political scientists, and practitioners from multinational companies examines the lessons of the privatization process in two important sectors: telecommunications and transport (airlines and roadways). Discussion includes why governments privatized these sectors, what strategies they used to divest enterprises, why private investors were drawn to the deals, and what difference privatization made to the performance of the sectors. Annotation c. by Book News, Inc., Portland, Or.