Civil and Commercial Law Research: The Privatization of Public Enterprises

Author: Wang Wenjie
Publisher:
Publish Date: 2005-04-01
Features: With the development and deepening of the market economy, legal research and its interaction with the society it serves have become increasingly close. Emerging legal issues and their applications are also showing a diverse trend. It has become the mission of the legal community to strive for more balanced and operational legal research. The Monthly Review of Civil and Commercial Law aims to establish a platform for exchange, providing a vibrant space for the legal community to explore new horizons in legal research. Although focused on civil and commercial law, this series also embraces broader private law topics.
The formation of public enterprises on both sides of the Taiwan Strait has distinct backgrounds. However, under the global trend of privatization and the competitive pressures of globalization following the entry into the WTO, where are the public enterprises on both sides headed? This issue focuses on "Privatization of Public Enterprises," inviting two scholars from Taiwan, Wang Zhicheng and Zhang Chaodong, to contribute. They discuss the policy formulation and implementation of privatization in Taiwan, delve into the legal issues during the process, and propose regulatory amendments to enhance the privatization process. Wang Jun from China University of Political Science and Law provides a profound analysis of the key challenges China faces in privatization, noting that the issue lies not in the establishment of relevant legal norms but in their enforcement by various levels of government and the handling of worker resistance.
The privatization of public enterprises is not a new topic, and numerous cases have shown that the issues it addresses are not merely legal but also reflect the economic system choices and considerations of a country or region.