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Governance, Regulation, and Privatization in the Asia-Pacific Region (National Bureau of Economic Research-East Asia Seminar on Economics) by Takatoshi Itō; Anne O Krueger; NBER-East Asia Seminar on Economics is a book available to read on EtoBox.

What is Governance, Regulation, and Privatization in the Asia-Pacific Region (National Bureau of Economic Research-East Asia Seminar on Economics) about?

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

Author

Takatoshi Itō; Anne O Krueger; NBER-East Asia Seminar on Economics

Publisher

Chicago: University of Chicago Press

Published

2004

Language

EN

ISBN

9781281125798

Subjects

Business, Economics, Management