Private Equity: Limitations of the Contemporary Economics Series

Author: Wei Bolei (Germany) et al. (Editor-in-Chief), Zhou Ying, Wang Xiaowei (Translator)
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 and experiences of privatization on a global scale. Although it does not include cases from China, almost everything it covers 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 takes a very clear stance on privatization: it is a good thing, but it has limitations. Implementing privatization requires maximizing benefits while minimizing harm, avoiding going overboard. The book's discussion of privatization covers different industries, 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.