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Author: Takatoshi Ito
Publisher: University of Chicago Press
ISBN: 0226386961
Category : Business & Economics
Languages : en
Pages : 483
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Book Description
Over the last twenty-five years, there has been an acceleration in the move from government regulation towards privatization. Governance, Regulation, and Privatization in the Asia-Pacific Region is the first thoroughgoing account of the relative success of the different approaches to privatization as undertaken in Korea, China, Australia, and Japan. In most contexts, privatization is expected to yield greater efficiency and cost effectiveness while avoiding the corruption and bloated budgets of government regulation or monopoly control. But broad-scale privatization, if ill designed, has also yielded its share of difficulties in East Asia. Privatization sometimes has created a vacuum in corporate governance for some of the region's most important industries and in some cases merely reinstated the monopoly-like configurations. The papers presented in this book discuss the experiences of privatization in several industries, including railroad and telecom, corporate governance problems, accounting issues, and challenges for the future in East Asian countries. The first section is theoretical in nature and proposes boundaries among government protection, market freedom, and shareholder expectations. The second part is constituted by country case studies, beginning with an analysis of both the Korean financial crisis that followed its 1997 law to privatize large, public sector corporations and the new ways Korean corporations finance themselves. Following is an evaluation of China's approach to privatization, with an in-depth look at the financial transitions of companies slated for initial public offering. Providing provocative examples of the methods of privatization in the Asia-Pacific region specifically, these papers will be of huge import to any economist or policymaker interested in transposing those successes for their own region.
Author: Takatoshi Ito
Publisher: University of Chicago Press
ISBN: 0226386961
Category : Business & Economics
Languages : en
Pages : 483
Get Book Here
Book Description
Over the last twenty-five years, there has been an acceleration in the move from government regulation towards privatization. Governance, Regulation, and Privatization in the Asia-Pacific Region is the first thoroughgoing account of the relative success of the different approaches to privatization as undertaken in Korea, China, Australia, and Japan. In most contexts, privatization is expected to yield greater efficiency and cost effectiveness while avoiding the corruption and bloated budgets of government regulation or monopoly control. But broad-scale privatization, if ill designed, has also yielded its share of difficulties in East Asia. Privatization sometimes has created a vacuum in corporate governance for some of the region's most important industries and in some cases merely reinstated the monopoly-like configurations. The papers presented in this book discuss the experiences of privatization in several industries, including railroad and telecom, corporate governance problems, accounting issues, and challenges for the future in East Asian countries. The first section is theoretical in nature and proposes boundaries among government protection, market freedom, and shareholder expectations. The second part is constituted by country case studies, beginning with an analysis of both the Korean financial crisis that followed its 1997 law to privatize large, public sector corporations and the new ways Korean corporations finance themselves. Following is an evaluation of China's approach to privatization, with an in-depth look at the financial transitions of companies slated for initial public offering. Providing provocative examples of the methods of privatization in the Asia-Pacific region specifically, these papers will be of huge import to any economist or policymaker interested in transposing those successes for their own region.
Author: Ioannis Nicolaos Kessides
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Author: Akira Kohsaka
Publisher: Routledge
ISBN: 1134227604
Category : Business & Economics
Languages : en
Pages : 354
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Book Description
In the past, undersupply of public infrastructure was blamed for low productivity growth in the United States in the 1970s, while greater private sector participation was emphasized for infrastructure development in the Asia-Pacific region before the Asian Economic Crisis in the 1990s. This revealing book looks at the current economic situation and the state of infrastructure on both sides of the Pacific. Including contributions from leading authorities such as Satya Paul, Jim Storey, Tony Makin and Naoyuki Yoshino, this book closely investigates the experiences of Japan, Canada, the US, China, Korea and Australia.
Author: Michael D. Bordo
Publisher: Cambridge University Press
ISBN: 1107013720
Category : Business & Economics
Languages : en
Pages : 453
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Book Description
Essays from the 2010 centenary conference of the 1910 Jekyll Island meeting of American financiers and the US Treasury.
Author: Christopher A. McNally
Publisher: Routledge
ISBN: 1134093977
Category : Business & Economics
Languages : en
Pages : 425
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Book Description
This edited volume represents the first collaborative effort to explicitly view China’s rapid international ascent as associated with the same process that catapulted Great Britain, the United States, Germany, and Japan to international prominence – the emergence of a capitalist political economy. Each chapter therefore applies the capitalist lens to analyze aspects of China’s monumental social, economic, and political transition. Topics addressed range from examinations of China’s industrial capitalism and its new multinational corporations to studies of China’s changing polity, state-media relations, and foreign policy. With contributors writing from highly varied backgrounds each chapter approaches the subject from a slightly different perspective, but the underlying findings show considerable common ground. China is developing a unique form of capitalism by combining elements rooted in Chinese history, such as the prevalence of networked forms of capital and the continued dominance of the state, with the growing influence of global capital, including the rapid adaptation of recent organizational and technological innovations. Concluding chapters draw out what capitalism in the dragon’s lair implies for our 21st century world, cautioning that China’s rise is likely to challenge the present world order along both political and economic dimensions.
Author: Hilton L. Root
Publisher: Cambridge University Press
ISBN: 1108488994
Category : Business & Economics
Languages : en
Pages : 339
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Book Description
Root shows how the tools of network analysis can be used to understand great transitions in global economic history.
Author: Philip Mirowski
Publisher: Oxford University Press
ISBN: 0190270055
Category : Business & Economics
Languages : en
Pages : 313
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Book Description
An enlightening examination of the role of information in modern economics and how it influences policy and politics.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1589064186
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
The Global Financial Stability Report (GFSR) provides expert and up-to-date analysis of global capital flows that play a critical role in world economic growth and Financial stability. The report focuses on current conditions in global Financial markets, analyzing Financial imbalances and structural issues that could pose risks to stability and sustained market access by emerging market borrowers. Along with the IMF’s semiannual World Economic Outlook, the GFSR is a key vehicle for communicating the IMF’s multilateral surveillance. The GFSR also draws out the Financial ramifcations of economic imbalances highlighted by the WEO, making it an indispensable companion publication.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264116575
Category :
Languages : en
Pages : 155
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Book Description
This report encourages governments to “think big” about the relevance of regulatory policy and assesses the recent efforts of OECD countries to develop and deepen regulatory policy and governance.
Author: Saptarshi Mitra
Publisher: Springer Nature
ISBN: 3030768783
Category : Business & Economics
Languages : en
Pages : 344
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Book Description
This book discusses policy instruments for sustainable infrastructure developments. Railways are one of the most important developmental instruments of a region, province, or country. They play a crucial role in economic development, urban growth, urban mobility, regional susceptibility, market integration, and world trade. Railways are an integral part of regional and urban development, both in terms of freight and passenger transport. By offering case studies from various regions and cities in South Asia, this book examines the evolution of railway transportation and the impact of these infrastructure projects on regional and urban development. It examines the interactions between evolving infrastructures and competing demands and considers the negative and positive externalities of railway transportation for people, places, and locations. The contributions analyze issues such as network infrastructure planning and technological development, passenger mobility and satisfaction, vulnerability to environmental impacts, and cross-border trade.
