The Politics of Privatisation in Western Europe


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Privatization in Western Europe


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Privatization, though widely publicised in the 80s, is not a new phenomenon. The 60s and the 70S provide different examples in several European countries. However, in the 80s, the rate of privatization increased dramatically. Between 1984 and 1991, the governments of 105 countries sold the equivalent of $250 billion worth of state companies to private investors.




West European Politics


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Local Governance in Western Europe


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`Its strength lies in combining theoretical insights with an impressive range of empirical material. The analysis is subtle and multi-layered.... This is a timely and important book' - Political Studies `Local governance have gained massive attention among scholars and practitioners during the past several years. Peter John's book fills a void in the literature by tracing the historical roots of local governance and by placing his findings in a comparative perspective' - Professor Jon Pierre, University of Gothenburg, Sweden `Peter John has produced a fascinating and stimulating book in which he assesses current developments in urban politics and local government in Europe and suggests how these changes are leading to different patterns of sub-national territorial politics in the EU today. What he has to say is of important interest to all students of local government; comparative politics and of territorial politics more generally' - Michael Goldsmith, University of Salford `this book offers a fascinating comparative analysis... themes such as New Public Management, globalisation, regionalism and privatisation will be relevant to numerous courses in government, politics, public administration and public policy' - West European Politics This text provides a comprehensive introduction to local government and urban politics in contemporary Western Europe. It is the first book to map and explain the change in local political systems and to place these in comparative context. The book introduces students to the traditional structures and institutions of local government and shows how these have been transformed in response to increased economic and political competition, new ideas, institutional reform and the Europeanization of public policy. At the book's core is the perceived transition from local government to local governance. The book traces this key development thematically across a wide range of West European states including: Belgium, France, Greece, Italy, Germany, the Netherlands, Norway, Portugal, Spain and the United Kingdom.




Privatisation against the European Social Model


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This book addresses the EU as powerful driver of the wave of privatizations in the network industries and public services since the early 1990s. Based on theoretical arguments and empirical studies it examines the impact of these policies on what is regarded as the normative pillars of the European Social Model.




The Privatization of Urban Services in Europe


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Municipal governments are trying increasingly to offload urban services in response to various factors. Services are becoming ever more costly to manage; and governments are influenced by the spread of free market doctrine, fiscal pressure, and bids from international concerns inducing them to transfer responsibility for delivering services to the private sector.




The Politics of Privatisation in Western Europe


Book Description

This title available in eBook format. Click here for more information. Visit our eBookstore at: www.ebookstore.tandf.co.uk.




Privatization in Eastern Europe


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In Eastern Europe privatization is now a mass phenomenon. The authors propose a model of it by means of an illustration from the example of Poland, which envisages the free provision of shares in formerly public undertakings to employees and consumers, and the provision of corporate finance from foreign intermediaries. One danger that emerges is that of bureaucratization. On the broader canvas, mass privatization implies the reform of the whole system, the creation of a suitable economic infrastructure for a market economy and the institutions of corporate governance. The authors point out the need for a delicate balance between evolution - which may be too slow - and design - which brings the risk of more government involvement than it is able to manage. A chapter originating as a European Bank working paper explores the banking implications of setting up a totally new financial sector with interlocking classes of assets. The economic effects merge into politics as the role of the state is investigated. Teachers and graduate students of public/private sector economies, East European affairs; advisers to bankers or commercial companies with Eastern European interests.




The Politics of Greed


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With the dissolution of the Soviet Empire, it seemed that market capitalism had triumphed and that democracy might replace authoritarian regimes. Economic reformers in the former Eastern Bloc rushed to liberalize prices and transfer state assets to private hands. They assumed that private owners in a market setting would have no choice but to behave rationally—that is, to invest in restructuring privatized enterprises so as to maximize profits. They also assumed that these owners would perceive a stable institutional environment as conducive to economic success and thus become a powerful lobby in favor of the rule of law, paving the way for democracy. The post-communist reality turned out to be very different. Private owners found that in a weak state with limited laws and regulations and ineffective corporate governance structures, it was more lucrative to steal enterprise assets and exploit opportunities for arbitrage than to restructure enterprises. The lesson learned is that not all forms of private ownership are the same. As this book's in-depth political history of privatization in Central and Eastern Europe demonstrates, the way that assets are privatized matters, both with respect to national economic performance and the successful development of the rule of law. Andrew Harrison Schwartz had unprecedented access to high-level Czech government officials during the Czech Republic's privatization process. This book is the result of the unique insights he gained and the innovative analytical framework he subsequently developed—ownership regime theory—which for the first time places ownership structures at the center of political transition analysis. Engaging and important, The Politics of Greed applies ownership regime theory to a broad range of post-communist privatization cases, including those of the Czech Republic, Poland, Hungary, Russia, and Ukraine.