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Ahmed Galal - Does privatization deliver?: highlights from a World Bank conference, Page 93

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title Does Privatization Deliver Highlights From a World Bank - photo 1

title:Does Privatization Deliver? : Highlights From a World Bank Conference EDI Development Studies
author:Galal, Ahmed
publisher:World Bank
isbn10 | asin:0821325892
print isbn13:9780821325896
ebook isbn13:9780585275550
language:English
subjectPrivatization--Congresses.
publication date:1994
lcc:HD3842.D63 1994eb
ddc:338.9
subject:Privatization--Congresses.
Page aa
Other EDI Development Studies:
The Adaptive Economy: Adjustment Policies in Small, Low-Income Countries
Tony Killick. ISBN 0-8213-2125-0.
Financial Regulation: Changing the Rules of the Game
Edited by Dimitri Vittas. ISBN 0-8213-2123-4.
The Distribution of Income and Wealth in Korea
Danny Leipziger and others. ISBN 0-8213-2124-2.
Public Enterprise Reform: The Lessons of Experience
Mary Shirley and John Nellis. ISBN 0-8213-1811-X.
Also available in French and Spanish.
Privatization and Control of State-Owned Enterprises
Edited by Ravi Ramamurti and Raymond Vernon.
ISBN 0-8213-1863-2.
Finance at the Frontier: Debt Capacity and the Role of Credit in the Private Economy
J.D. Von Pischke. ISBN 0-8213-1818-7.
Page i
Does Privatization Deliver?
Highlights from a World Bank Conference
EDI Development Studies
Edited by
Ahmed Galal
Mary Shirley
Does privatization deliver highlights from a World Bank conference Page 93 - image 2
Page ii
Copyright 1994
The International Bank for Reconstruction
and Development / THE WORLD BANK
1818 H Street, N.W.
Washington, D.C. 20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing March 1994
Second printing October 1995
The Economic Development Institute (EDI) was established by the World Bank in 1955 to train officials concerned with development planning, policymaking, investment analysis, and project implementation in member developing countries. At present the substance of the EDI's work emphasizes macroeconomic and sectoral economic policy analysis. Through a variety of courses, seminars, and workshops, most of which are given overseas in cooperation with local institutions, the EDI seeks to sharpen analytical skills used in policy analysis and to broaden understanding of the experience of individual countries with economic development. Although the EDI's publications are designed to support its training activities, many are of interest to a much broader audience. EDI materials, including any findings, interpretations, and conclusions, are entirely those of the authors and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to members of its Board of Executive Directors or the countries they represent.
Because of the informality of this series and to make the publication available with the least possible delay, the manuscript has not been edited as fully as would be the case with a more formal document, and the World Bank accepts no responsibility for errors. Some sources cited in this book may be informal documents that are not readily available.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A.
The backlist of publications by the World Bank is shown in the annual Index of Publications, which is available from Distribution Unit, Office of the Publisher, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A., or from Publications, Banque mondiale, 66, avenue d'Ina, 75116 Paris, France.
Ahmed Galal is a senior economist and Mary Shirley is the chief of the Finance and Private Sector Development Division of the World Bank's Policy Research Department.
Library of Congress Cataloging-in-Publication Data
Dos privatization deliver? : highlights from a World Bank conference
/ edited by Ahmed Galal, Mary Shirley.
p. cm.(EDI development studies)
Includes bibliographical references.
ISBN 0-8213-2589-2
1. PrivatizationCongresses. I. Galal, Ahmed, 1948
II. Shirley, Mary M., 1945 . III. International Bank for
Reconstruction and Development. IV. Series.
HD3842.D63 1994
338.9dc20 93-23358
CIP
Page iii
CONTENTS
Foreword
v
About the Contributors
vii
Part 1. The Context
1. Overview
Ahmed Galal and Mary Shirley
3
2. A Changing Course toward Privatization
Lawrence H. Summers
11
3. Privatization: Lessons from New Zealand
Roger Douglas
19
Part 2. Approach and Case Studies
4. Questions and Approaches to Answers
Leroy Jones
27
5. The United Kingdom
Ingo Vogelsang
33
6. Chile
Ahmed Galal
47
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