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The Legacy of Margaret Thatcher—A Critical Assessment  [PDF]
Paul Stepney
Open Journal of Social Sciences (JSS) , 2014, DOI: 10.4236/jss.2014.21013
Abstract: The recent death of Margaret Thatcher sparked some very strong and divided opinions throughout Europe, United States and across the globe. Her death made headline news, such was her notoriety as a person who not only sought to change history but was instrumental in reshaping it especially during the 1980s and 1990s. Although Thatcher may have passed away, the ideas underpinning Thatcherism are alive and well, and importantly, continue to exert a decisive influence on the wider political and economic landscape. The heart of Thatcher legacy is a fundamental contradiction neatly exposed by the current global economic crisis. Thatcherism, with its belief in the efficacy of the market and determination to roll back the frontiers of the state, ought to have been thoroughly discredited given that deregulation of the financial markets has led to many of todays problems. However, despite the financial crisis requiring massive government bailouts on an unprecedented scale, neoliberal thinking in the best Thatcherite traditions continues unabated. This is the paradox of Thatcherism. Now several months after her funeral is an appropriate time to make a rational assessment of her legacy, noting her achievements alongside the bitter controversy about the highly individualistic and divided society she helped to create.
O movimento de privatiza o dos anos oitenta: reais motivos The movement of privatization in the 80's: real causes
Ruth Helena Dweck
Nova Economia , 2000,
Abstract: The objective of this article is to discuss the privatization question, a phenomenon which has involved the world economy during the last two decades. The debate takes place in a wide context, discussing the several aspects of the human knowledge and not only the economic one, which is usually the most explored aspect in the literature. This study, which has as reference a theoretic-empirical tool, shows that the concrete privatization movements, which happened in the capitalist world at the end of the 70`s, have a National specificity. This occurs not only because of the economic conditions, but also because of the organization level of the different societies, and mainly due to the political basis that supports them. Therefore, they have a strong politic-ideological feature. The logic of these movements shows that the privatization question leads to the discussion of the State's role in each economy.
Investigating the barriers on media privatization
Seyed Mohammad Dadgaran,Ali Akbar Farhangi,Reza Najafbeigi,Roghiyeh Jame
Management Science Letters , 2013,
Abstract: During the past few years, there has been growing interests in reducing cost of products and services among developing countries. Privatization is believed to be one of the most important techniques to increase relative efficiencies of publically held organizations. In this paper, we study important barriers on privatization of television (TV) media industry in Iran. The proposed study of this paper designs and distributes a questionnaire using a sample of 234 out of 600 graduate students who were enrolled in media communication studies and examined six hypotheses based on one-side t-student. The survey considers different factors influencing privatization of TV media industry. The results of the investigation indicate that the cost of TV production, short and long-term investment security, people's interest on investing on TV media industry, building appropriate culture, cultural obstacles and economic barriers influence media privatization, significantly.
Does Privatization of a Postal Savings Bank in Japan Have Economic Value?  [PDF]
Ken-Ichiro Oohama, Yoshihiro Asai
iBusiness (IB) , 2011, DOI: 10.4236/ib.2011.33032
Abstract: Economic theory traditionally supports the viewpoint that government ownership is inefficient and that privatization invariably leads to efficiency improvements. However, there is often frequent opposition to privatization activity because it is difficult to examine and empirically validate the effects of privatization. This is the first study to examine the impact of the privatization of postal saving banks. In this paper, we use event study and find that impacts of the privatization of a postal savings bank in Japan are evaluated as positive. We also find that the privatization of the postal savings bank threatened other banks in rural areas that had hitherto enjoyed a regional monopoly.
The Relationship between Privatization and Regulation on Foreign Investment Policies  [PDF]
Lihua Han, Hikaru Ogawa
Theoretical Economics Letters (TEL) , 2015, DOI: 10.4236/tel.2015.51014
Abstract: Using a simple mixed oligopoly model, this paper examines the relationship between market-openings to foreign capital and privatization of a domestic public firm. Two types of market-openings are considered. First is that, given the number of the firms, the restriction on the share of foreign capital in each corporate joint venture is relaxed. Second is that, given the share of foreign capital in each corporate joint venture, the restriction on the number of the firms is relaxed. The analysis shows that the optimal level of privatization critically depends on the types of market openings to foreign capital. The optimal level of privatization declines as the share of foreign capital in each corporate joint venture increases. By contrast, the optimal level of privatization rises with an increase in the number of the firms operating in the market. The two different strategies for market-openings result in the opposite impacts on the welfare-maximizing government’s incentive for privatization.
Excessive Privatization in an International Mixed Oligopoly: Normative View  [PDF]
Lihua Han
Theoretical Economics Letters (TEL) , 2015, DOI: 10.4236/tel.2015.55075
Abstract: This paper analyzes a mixed oligopoly model with two countries each with public and private firms competing in a third country market. We formulate a third country model often used in the field of international trade, and show that there is excessive privatization if the governments adopt the degree of privatization as a policy device.
Partial Privatization in Upstream Mixed Oligopoly with Free Entry  [PDF]
Chu-Chuan Hsu
Modern Economy (ME) , 2016, DOI: 10.4236/me.2016.712132
Abstract: Utilizing the model with upstream mixed oligopoly in which there are one public and n private wholesalers in the upstream market, and m private retailers in the downstream market, this paper examines the optimal privatization policy of the upstream public wholesaler. It shows that: Firstly, in an environment with mixed oligopoly in the wholesale market and many private firms in the retail market, the public wholesaler should be partially privatized in the short run. Besides, the more private firms are in wholesalers or retailers market, the higher degree of privatization the government should take. Secondly, the public wholesaler should be partially privatized in the long run; moreover, the more private retailers firms are in the market, the less degree of privatization the government should take. Thirdly, the difference of optimal degree of privatization between long run and short run is increasing in the market scale and decreasing in the entry cost. Hence, the optimal degree of privatization in long run is smaller
Research on the Public Land Management in the United States and Its Reference for China  [PDF]
Qiqi Zhang, Mu Zhang
American Journal of Industrial and Business Management (AJIBM) , 2018, DOI: 10.4236/ajibm.2018.84067
Abstract: The public land management in the United States has experienced these processes: extensive management to encourage land privatization—beginning to pay attention to the protection of public landsprotective development of public land. This article aims to explore the similarities and differences between China and the United States in the management of public land. From the perspective of organization, law and public interest, it provides reference for Chinas land management theory and practice. This paper found that at present, the features of public land management in USA are sound management institutions, complete laws and regulations, strict land use management system, strict implementation of paid land use, and implementation of public regulation of non-ownership. The legal system of land in the United States, the strict programming of land planning and the land property and market system are worthy of learning.
Market Efficiency during the Mexican Banks’ Privatization Announcement  [PDF]
Roberto J. Santillán-Salgado
Modern Economy (ME) , 2015, DOI: 10.4236/me.2015.61010
Abstract: During the last years of the decade of the 1980s, the Mexican government reduced its participation as an owner of productive facilities. After privatizing the national railway system, airlines, mining companies, etc., in 1990 it was time to fully privatize the banking industry. Banks had been expropriated eight years before, in September, 1982. However, between 1987 and 1990, fifteen state-owned banks had issued small amounts of stock to the market. So, on May 2nd of 1990, when President Carlos Salinas publicly announced that all government owned banks would soon be fully privatized, several commercial banks were already partially publicly traded. In retrospective, the full-privatization announcement represents a privileged opportunity to test the efficiency of the Mexican stock market at that time. Using Event Study Methodology, this work analyzes how significant was the response of the publicly traded banks’ stock price to the full privatization announcement, and quantifies its wealth-creation effects.
Causes and Impact of Privatization in Nepal: A Theoretical Review
Nirmal Kumar Raut
Banking Journal , 2012, DOI: 10.3126/bj.v2i2.6619
Abstract: DOI: http://dx.doi.org/10.3126/bj.v2i2.6619 Banking Journal, Volume 2 (Issue 2) 1-22
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