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Pierre Guislain - The privatization challenge: a strategic, legal, and institutional analysis of international experience

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This book discusses the essential strategic, legal, economic, and institutional issues relating to privatization of state-owned enterprises, with an emphasis on the policy dimensions of privatization. Special attention is given to issues arising in the context of liberalization and privatization of the telecommunications and other infrastructure sectors. The author draws on experiences of countries in all regions to illustrate the dynamic character of privatization. He demonstrates the complexity of the problems that can arise during this process, examines the relevance of available solutions, and provides useful reference points for policymakers, executives, and advisors. Annexes list legislation from more than 100 countries and 500 bibliographic references, as well as specialized journals and Internet resources on privatization.

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title The Privatization Challenge A Strategic Legal and Institutional - photo 1

title:The Privatization Challenge : A Strategic, Legal, and Institutional Analysis of International Experience World Bank Regional and Sectoral Studies
author:Guislain, Pierre.
publisher:World Bank
isbn10 | asin:082133736X
print isbn13:9780821337363
ebook isbn13:9780585256450
language:English
subjectGovernment business enterprises--Law and legislation, Government ownership--Law and legislation, Privatization--Law and legislation, Government business enterprises, Government ownership, Privatization.
publication date:1997
lcc:K1366.G85513 1997eb
ddc:346/.067
subject:Government business enterprises--Law and legislation, Government ownership--Law and legislation, Privatization--Law and legislation, Government business enterprises, Government ownership, Privatization.
Page iii
The Privatization Challenge
A Strategic, Legal, and Institutional Analysis of International Experience
Pierre Guislain
The privatization challenge a strategic legal and institutional analysis of international experience - image 2
Page iv
1997 The International Bank for Reconstruction
and Development / The World Bank
1818 H Street, N.W., Washington, D.C. 20433
All rights reserved
Manufactured in the United States of America
First printing January 1997
Third printing December 1997
The World Bank Regional and Sectoral Studies series provides an outlet for work that is relatively focused in its subject matter or geographical coverage and that contributes to the intellectual foundations of development operations and policy formulation. Some sources cited in this paper may be informal documents that are not readily available.
The findings, interpretations, and conclusions expressed in this publication are those of the author and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to the members of its Board of Executive Directors or the countries they represent.
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 Dr., Danvers, Massachusetts 01923, U.S.A.
Pierre Guislain, a lawyer and economist by training, is Principal Private Sector Development Specialist at the World Bank's Private. Since 1984, he has advised many governments in Africa, Asia, and Eastern Europe on the design and implementation of privatization programs. In his current assignment, he promotes governments on competition and private participation in infrastructure sectors.
Cover design by Sam Ferro and Sherry Holmberg
Library of Congress Cataloging-in-Publication Data
Guislain, Pierre, 1957
[Privatization. English]
The privatization challenge : a strategic, legal, and
institutional analysis of international experience/ Pierre
Guislain.
p. cm. (World Bank regional and sectoral studies series)
Rev. translation of: Les privatisations.
Includes bibliographical references and indexes.
ISBN 0-8213-3736-X
1. Government business enterprisesLaw and legislation.
2. Government ownershipLaw and legislation. 3. PrivatizationLaw
and legislation. 4. Government business enterprises. 5. Government
ownership. 6. Privatization. I. Title. II. Series.
K1366.G85513 1997
346 '.067dc20
[342.667] 96-34223
CIP
Page v
Contents
Preface
xi
Introduction
1
Picture 3
Historical Background
3
Picture 4
Explanatory Factors
6
Picture 5
Definition of Privatization
10
Picture 6
Structure of the Study
12
1
Defining a Privatization Strategy
15
Picture 7
Objectives of Privatization
16
Picture 8
General Country Characteristics
20
Picture 9
Political Setting
20
Picture 10
Economic and Social Setting
21
Picture 11
Institutional Setting
22
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