Why do some privatisations apparently fail to produce expected positive results? Economic theory tells us that privatisation should improve efficiency, but this book, originally published in 1998, suggests that political bargaining in the process of privatisation works against the results we expect to achieve. To gain a better understanding of what privatisation is really about, power at a firm level needs to be understood. Privatisation is a gra...
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Is business the solution to the problems of the Middle East? Some economists and policymakers argue that unleashing the Arab private sector is the key to sustainable growth and more liberal politics....