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This work discusses the need to monitor privatization. The authors argue that monitoring will show whether or not the process is fulfilling its objectives and contributing to improved economic performance. They also assess the need for, and techniques of, regulating privatized enterprises in situations of continuing monopoly or significant market control. This is supported by an in-depth analysis of regulation in the UK and its implications for developing countries. Further illustrative material is drawn from a range of developed, developing and former socialist countries.
Author Biography
Professor V. V. Ramanadham is currently Coordinator of the UNDP Interregional Network on Privatization. He has been engaged in research in the field of public enterprise, privatization and industrial economics for over 45 years, and has numerous publications in the area. Recent books include Public Enterprise and Income Distribution, The Economics of Public Enterprise, Privatization in the UK (ed.), Privatization: A Global Perspective (ed.) and Constraints and Impacts of Privatization (ed.). He is an Associate Fellow of Templeton College, Oxford, and the Founder-Director of the Institute of Public Enterprise, India.
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