The Privatisation of Public Assets as an Economic Policy Instrument: Public Versus Private Ownership of Enterprises – The Practical Implementation of Privatisation Projects and Economic Policy Conclusions
Liberalisation, competition and regulation constitute the most important economic prerequisites for successful privatisations, whereas the approval of the population (and its political representatives) is the main political precondition. In competitive markets privatisation no longer depends on the economic framework, but the social and political preconditions. However, in the absence of a competitive market environment a government willing to privatise faces the challenge of creating the necessary framework for functioning competition ex ante and also of guaranteeing its persistence ex post.
Volume (Year): 84 (2011)
Issue (Month): 11 (November)
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