Over the last twenty-five years, there has been an acceleration in the move from government regulation toward 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, as implemented in East Asia, has also yielded its share of difficulties when ill-designed. Due to a lack of both legal infrastructure and management guidelines, privatization sometimes created a vacuum in corporate governance for some of the region's most important industries and in some cases merely reinstated monopoly-like configurations. The papers presented in this book analyze the experiences of privatization in several industries, including railroads and telecoms, as well as corporate governance problems, accounting issues, and challenges for the future in East Asia.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
Takatoshi Ito is professor in the graduate schools of public policy and of economics at the University of Tokyo and a research associate of the NBER.
Anne O. Krueger is the first deputy managing director of the International Monetary Fund.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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Hardcover. Etat : new. Hardcover. 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. The contributors to this volume offer an account of the relative success of different approaches to privatisation as undertaken in Korea, China, Australia and Japan. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. N° de réf. du vendeur 9780226386799
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