The author examines privatization in newly industrializing countries of Asia, in Malaysia, Thailand, Indonesia and the Philippines and in three Asian socialist countries , China, Vietnam and Laos. He discusses rectified concepts of state regulation in Asian countries, general principles of...

"Regulatory reform" once meant either "alternatives to rate-of-return regulation" or "the advantages of privatization". Now that a broad consensus has been reached on each of these two topics, at least among economists, one subject that has moved to center stage is "vertical restructuring". Many...

The present paper analyzes the top ten Italian state-owned enterprises (SOEs) over the period 2004-2013, after both their corporate organization and their markets have been deeply reformed. We question whether SOEs' strategies are more profit or public oriented. The authors find that, on...