(review) Privatization in The Ashgate Research Companion to New Public Management
Privatization This article aimed to give a general concept of privatization and discuss its causes and effects. Concept of privatization Sale of state-owned enterprises Contracting out public services to private providers (Public provider > Private provider = Contracting out, Private provider > Public provider = Contracting in ) Statutory body, also call “corporatization” and “marketization” Public-Private partnership refers to joint operation or collaboration between public and private organizations. Common forms of privatization are contracts - government contracts with private sector providers to deliver public services franchises - government awards a private firm an exclusive right to provide a public service or operate a public asset in return for an annual lease payment or one-time upfront payment. divestiture - when government is getting out of a service, activity or asset entirely, often through outright sales In academics, the most important forms of privatization ...