Escaping the heavy hand of the state

Article Abstract:

The World Bank completed an extensive study on the economic results of privatization in Chile, Malaysia, Mexico and the United Kingdom. Industries included airlines, telecommunications firms, utilities and others. The conclusion was that wealth was created. Consumers won in some instances and lost in others.

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What am I bid?

Article Abstract:

Auctions are a way of selling government-owned assets, and they can perform a useful function, though they have to be well-designed. The design of such auctions, with insights from economic theory, is examined in detail.

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The West's lost legions

Article Abstract:

Investment bankers are not earning the large sums they had anticipated when Eastern Europe began opening its markets. Investment advisors to countries wishing to privatize are finding competition from cheaper bankers.

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