There have been numerous empirical studies of privatization programs, which have found efficiency gains to firms … and consistent firm data both before and after privatization, the absence of vital business mechanisms and institutions to … distribute reliable business information, and misconceptions about what privatization actually is. Given these problems, Stiglitz …

This paper discusses the most important theoretical contributions to the literature on privatization, focusing on … emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of … privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting …