Infrastructure Deregulation and Privatization in Industrialized and Emerging Economies

摘要

For the past twenty-five years a diverse group of large users of energy and telecommunications, potential entrants, and market-oriented reformers have aggressively moved to change the organization and governance of public utilities in both industrialized and developing nations. The replacement of regulated private monopoly and state-owned enterprises through privatization and deregulation has been a source of continuing controversy. This paper will examine actual experience to get a better appreciation of evidence of market and public policy failure.