1.

Record Nr.

UNINA9910961306203321

Titolo

Governance, regulation, and privatization in the Asia-Pacific Region / / edited by Takatoshi Ito and Anne O. Krueger

Pubbl/distr/stampa

Chicago, : University of Chicago Press, 2004

ISBN

9786611125790

9781281125798

1281125792

9780226386966

0226386961

Edizione

[1st ed.]

Descrizione fisica

1 online resource (483 p.)

Collana

NBER-East Asia seminar on economics ; ; v. 12

Altri autori (Persone)

ItoTakatoshi <1950->

KruegerAnne O

Disciplina

338.095

Soggetti

Privatization - East Asia

Corporate governance - East Asia

Trade regulation - East Asia

Industrial policy - East Asia

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"This volume contains edited versions of papers presented at the NBER's East Asia Seminar on Economics twelfth annual conference, held in Hong Kong, June 28-30, 2001"--Ackn.

Nota di bibliografia

Includes bibliographical references and indexes.

Nota di contenuto

Front matter -- Contents -- Acknowledgments -- Introduction -- 1. Privatization and Corporate Governance -- 2. Antitrust Merger Policy: Lessons from the Australian Experience -- 3. Using Markets to Help Solve Public Problems -- 4. Recent Developments in the Public-Enterprise Sector of Korea -- 5. The Korean Economic Crisis and Corporate Governance System -- 6. Sources of Corporate Financing and Economic Crisis in Korea: Micro-Evidence -- 7. Initial Public Offering and Corporate Governance in China's Transitional Economy -- 8. Why Do Governments Dump State Enterprises? Evidence from China -- 9. Productivity Effects of TVE Privatization: The Case Study of Garment and Metal-Casting Enterprises in the Greater Yangtze River Region -- 10. Government Commitment and the Outcome of Privatization in China -- 11. Rail Reform Strategies: The Australian Experience -- 12. The



Japanese Experience with Railway Restructuring -- 13. What Has Been Achieved in the Japanese Telecommunications Industry since 1985? -- 14. How to Restructure Failed Banking Systems: Lessons from the United States in the 1930's and Japan in the 1990's -- 15. Banks, Bailout Guarantees, and Risky Debt -- Contributors -- Author Index -- Subject Index

Sommario/riassunto

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.



2.

Record Nr.

UNINA9911004894603321

Autore

Anderson Robert E (Robert Edward), <1944->

Titolo

Just get out of the way : how government can help business in poor countries / / Robert E. Anderson

Pubbl/distr/stampa

Washington, D.C., : Cato Institute, c2004

ISBN

9786611905439

9781281905437

1281905437

9781933995458

1933995459

9781597340496

1597340499

Edizione

[1st ed.]

Descrizione fisica

1 online resource (290 p.)

Disciplina

338.4/8/091724

Soggetti

Industrial policy - Developing countries

Free enterprise - Developing countries

Privatization - Developing countries

Banks and banking - Government policy - Developing countries

Developing countries Economic policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. 249-262) and index.

Nota di contenuto

Table of Contents; Acknowledgments; 1. Government Failure versus Market Failure; 2. Economic Growth: The Only Way Out of Poverty; 3. Large Companies: Heroes or Villains?; 4. Privatization: Just Sell It; 5. Banks: Better Off without Them; 6. Bank Regulation: Depositors Beware; 7. Bankruptcy: Swift and Certain Liquidation; 8. Competition: Government Is the Problem, Not the Solution; 9. Conclusions-The Example of New Zealand; Notes; INDEX; About the Author; Cato Institute

Sommario/riassunto

Economic growth is the only way out of poverty, and the private sector is best at generating that growth.