Die Arbeit befasst sich zunächst mit der Analyse und Einordnung des Begriffs der Daseinsvorsorge und deren Erbringung durch den Staat. Schwerpunkt der Betrachtung bildet dabei die Energieversorgung als klassische Aufgabe staatlicher Daseinsvorsorge. Weiterhin wird der durch die Liberalisierung...

This paper studies the main determinants of the sharp decline in Colombia’s private saving rate which accompanied the steep deterioration of the country’s external current account deficit in the 1990s. The paper rejects current arguments pointing to a consumption boom and corporate behavior...

This seminar volume, edited by Said El-Naggar, examines the challenge that Arab countries with large public sectors face in placing the privatization process within the wider context of structural change

Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run, however, it can lead to job losses and wage cuts for workers and higher prices for consumers. This paper discusses these impacts and the fiscal implications of privatization. It...

The Czech government has made further progress in improving fiscal transparency that was already high by international standards. The measures implemented to broaden the coverage of general government data have been commended. Improved reporting on fiscal risks, including those arising from...

This paper reviews a selection of studies on privatization experiences in transition countries. Empirical studies almost invariably show privatized enterprises outperform state enterprises. Moreover, the literature identifies de novo firms as being clearly the best performers, followed by...

This study surveys recent trends in private market financing for developing countries. In addition to examining developments in flows to developing countries through banking and securites markets, it analyzes the institutional and regulatory framework for developing country finance,...