After several decades in which public-sector enterprises (PSEs) played large and often increasing roles in national economies in most countries in the world, the past two decades have seen a reversal. In industrial countries, privatization efforts started in the late 1970s and 1980s as concerns with the efficiency and cost-effectiveness of state-owned enterprises mounted. In the early 1990s, the collapse of the command economies of the former Soviet Union and of Eastern Europe also resulted in strong pressures for rapid privatization in those countries. However, privatization did not always proceed smoothly. This volume analyzes some of the main lessons from privatization in the East Asian region. An overview of the subsequent chapters is presented.
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