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Privatization: A Market Prospect Perspective

Privatization: A Market Prospect Perspective * S h y a m J . K a m a t h 1. Introduction The year 1990 marked exactly a decade since what has been called by some the "Privatization Revolution" began with the election of the pro-free market Reagan and Thatcher governments on either side of the Atlantic. The last years have seen a radical shift in the perceptions and reactions of politicians, policy-makers, the public and economists with regard to the role of the public and private sectors in a m o d e r n e c o n o m y . Support f o r the p o l i c i e s of nationalization, g o v e r n m e n t regulation and mixed enterprise development (which characterized economic thinking and policy in the industrialized economies, especially those in Europe, and in particular the developing economies throughout the fifties, sixties and seventies) has been considerably eroded by the events of the eighties and supporters of such policies are increasingly finding themselves beleaguered by the privatization onslaught. The privatization revolution has spawned a flood of literature both for and against the efficacy of privatization including a number http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal des Économistes et des Études Humaines de Gruyter

Privatization: A Market Prospect Perspective

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Publisher
de Gruyter
Copyright
Copyright © 1994 by the
ISSN
2194-5799
eISSN
2153-1552
DOI
10.1515/jeeh-1994-0103
Publisher site
See Article on Publisher Site

Abstract

* S h y a m J . K a m a t h 1. Introduction The year 1990 marked exactly a decade since what has been called by some the "Privatization Revolution" began with the election of the pro-free market Reagan and Thatcher governments on either side of the Atlantic. The last years have seen a radical shift in the perceptions and reactions of politicians, policy-makers, the public and economists with regard to the role of the public and private sectors in a m o d e r n e c o n o m y . Support f o r the p o l i c i e s of nationalization, g o v e r n m e n t regulation and mixed enterprise development (which characterized economic thinking and policy in the industrialized economies, especially those in Europe, and in particular the developing economies throughout the fifties, sixties and seventies) has been considerably eroded by the events of the eighties and supporters of such policies are increasingly finding themselves beleaguered by the privatization onslaught. The privatization revolution has spawned a flood of literature both for and against the efficacy of privatization including a number

Journal

Journal des Économistes et des Études Humainesde Gruyter

Published: Mar 1, 1994

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