Governance, Regulation, and Privatization in the Asia-Pacific Region

The University of Chicago Press

Governance, Regulation, and Privatization in the Asia-Pacific RegionAuthor(s): Takatoshi Ito, Anne O. Krueger\nFormat: Hardback\nPublisher: The University of Chicago Press, United States\nImprint: University of Chicago Press\nISBN-13: 9780226386799, 978-0226386799\nSynopsis\nOver the last twenty-five years, there has been an acceleration in the move from government regulation toward privatization. Governance, Regulation, and Privatization in the Asia-Pacific Region is the first thoroughgoing account of the relative success of the different approaches to privatization as undertaken in Korea, China, Australia, and Japan. In most contexts, privatization is expected to yield greater efficiency and cost effectiveness while avoiding the corruption and bloated budgets of government regulation or monopoly control. But broad-scale privatization, as implemented in East Asia, has also yielded its share of difficulties when ill-designed. Due to a lack of both legal infrastructure and management .