Economic Analysis of Privatization

Author: (English) John Wickes
Publisher:
Publish Date: 2006-05-01
Features: The superiority or inferiority of private and public systems has long been one of the focal points of debate. The book, written by Professor John Wickes and Professor George Yarrow, is considered a classic in privatization theory. It primarily employs managerial theories such as competitive theory, shareholder governance theory, and principal-agent theory to elucidate the privatization policies proposed by former British Prime Minister Margaret Thatcher. On this basis, it provides a relatively detailed analysis of the respective strengths and weaknesses of the two ownership systems. In the book, the authors compare the two systems from different perspectives, and their analysis is relatively objective, which is a great success. These analyses not only promote the development of privatization theory but also provide significant reference value for countries' choices in ownership.
The book conducts a comprehensive analysis of privatization by collecting a large amount of material. It not only outlines the economic theories related to privatization issues but also delves into individual institutions, privatization plans, and regulatory agencies from new perspectives. Additionally, it explores the economic, political, and managerial aspects involved in the regulatory process. This book holds important reference value for China in accelerating economic development and pursuing harmonious growth. For scholars, policymakers, and all those interested in economic regulation, public enterprises, and related topics, this book is also an invaluable resource.