Private Limitations - Contemporary Economics Translation Library

Author: (German) Wei Bole
Publisher:
Publish Date: 2006-03-01
Features: This is a book that every Chinese person concerned with their own interests and the public interest during the reform process should read. The book discusses the lessons learned from privatization worldwide, although it does not include any Chinese cases, almost everything discussed is relevant to what is currently happening in China. The book discusses privatization in a broad sense, "referring to all actions and initiatives that increase the role of private enterprises in the use of social resources, production of goods, and provision of services by reducing or limiting the responsibilities of government authorities in these matters" (Introduction). The book's stance and viewpoints are very clear: privatization is good but has limitations, and the implementation of privatization should focus on maximizing benefits while minimizing harm, avoiding going overboard. The book's discussion of privatization covers different industrial sectors, regions, and countries, as well as the various aspects affected by privatization, placing privatization within the broader context of globalization. This book is available for reference and study for a wide range of economics researchers.