Thesis (MBA)--Stellenbosch University, 2002. / ENGLISH ABSTRACT: In many countries privatisation has been embraced as an economic policy that serves almost as a panacea for many economic problems. In general the rationale is assumed to be that of welfare improvement. It is also expected to improve governments' macroeconomic position because state enterprises are frequently loss making and hence receivers of government funds. Privatisation is also perceived to contribute to the development of weak or non-existent capital markets to enhance domestic savings mobilization. Africa's investment climate and potential for economic growth have improved remarkably and although Africa accounts for only a small fraction of worldwide privatisation activities, privatisation is on the increase as more governments realize that the old ways of state ownership have failed to deliver the goods. Hardly any African country does not have some sort of privatisation in the pipeline. Botswana, which is the main focus of this paper, launched its privatisation programme in 1998, when the Cabinet adopted the privatisation policy. Privatisation has also been triggered by the increasing globalization of the world economy. Rapid growth in international trade and investment has made competitiveness in international trade an essential factor in a nation's ability to create jobs, raise real wages and generate wealth. For many African countries, privatisation has become the only effective method of raising investment capital on favourable terms. High levels of past public sector borrowing have burdened many nations with large levels of debt. Although privatisation efforts differ substantially from country to country, there is a strong common economic rationale underlying the various decisions to privatise. African countries privatise for solutions to immediate financial, economic or political crises and due to the demands of International Donor Agencies, such as the World Bank and the International Monetary Fund. Privatisation in Botswana is different in the sense that it has come from the desire to improve efficiency in the delivery of services, promote competition and increase productivity of enterprises. Advocates of globalization promote the efficiencies of speed and technology and the benefits of privatisation as the best approach to economic development, based on an assumption that it is better for all nations to have a well-connected international network to achieve goals of economic development. / AFRIKAANSE OPSOMMING: In baie lande word privatisering as 'n ekonomiese beleid aangegryp as 'n wondermiddel vir talle ekonomiese probleme. Oor die algemeen word aangeneem dat die grondrede hiervoor die verbetering van welsyn is. Daar word ook verwag dat dit die regering se makro-ekonomiese posisie sal verbeter, aangesien staatsondernemings dikwels verliese ly en dus ontvangers van staatsfondse is. Privatisering dra klaarblyklik ook by tot die ontwikkeling van swak of nie-bestaande kapitaalmarkte ten einde plaaslike spaarpogings aan te moedig. Afrika se beleggingsklimaat en potensiaal vir ekonomiese groei het merkwaardig verbeter en alhoewel Afrika vir slegs 'n geringe gedeelte van wêreldwye privatiseringsaktiwiteite verantwoordelik is, is privatisering aan die toeneem namate regerings besef dat die ou stelsel van staatseienaarskap nie suksesvol is nie. Byna alle Afrikalande het een of ander vorm van privatisering aan die kom. Botswana, wat die hooffokus van hierdie studieprojek is, het in 1998 sy privatiseringsprogramme van stapel gestuur toe die Kabinet die privatiseringsbeleid goedgekeur het. Privatisering word ook aangehelp deur die toenemende globalisering van die wêreldekonomie. Snelle groei in internasionale handel en investering maak mededingendheid in internasionale handel 'n noodsaaklike faktor in 'n land se vermoë om werk te skep, reële lone te verhoog en welvaart te genereer. Vir baie Afrikalande het privatisering die enigste doeltreffende manier geword om beleggingkapitaal op gunstige voorwaardes te verkry. As gevolg van hoë vlakke van openbaresektorlenings in die verlede sit talle nasies opgesaal met groot skuldvlakke. Alhoewel privatiseringspogings aansienlik van land tot land verskil, is daar 'n sterk onderliggende gemeenskaplike ekonomiese grondrede vir die onderskeie besluite om te privatiseer. Afrikalande privatiseer as 'n oplossing vir onmiddellike finansiële, ekonomiese of politieke krisisse en weens die eise van internasionale skenkerorganisasies soos die Wêreldbank en die Internasionale Monetêre Fonds. Privatisering in Botswana verskil in dié opsig dat dit spruit uit die behoefte om doeltreffendheid te verbeter in die lewering van dienste, mededinging aan te moedig en die produktiwiteit van ondernemings te verhoog. Voorstanders van globalisering ondersteun die doeltreffendheid van spoed en tegnologie en die voordele van privatisering as die beste benadering vir ekonomiese ontwikkeling, gegrond op die aanname dat dit vir alle nasies beter is om 'n effektiewe internasionale netwerk te hê om doelwitte van ekonomiese ontwikkeling te bereik.

A key part of the transformation process of the Czechoslovak economy in the post-revolution period was privatization. It was an extraordinary and unique process of transfer of state property to private purchasers, which in terms of its scope and level of difficulty, not only historically unprecedented in the CR. Evaluation of the privatization process is still today the subject of the current discourse of ideas. The aim of this study is to evaluate the success of the privatization process of the Czechoslovak economy in the transition period and comparing this process with similar processes in other transition economies. Evaluated are individual partial privatization methods, as well as the privatization process as a whole. Attention is given to voucher privatization, its importance and status. Evaluated is the financial sector privatization, especially privatization of major banks. At the end is made final conclusion which is accompanied by a self-evaluation.

ABSTRACT A Study on Privatization of National Corporations¡XTaking Taiwan Railway Freight Corporation for instance Page: 66 Student: Hsieh Hsien-Tsung Advisor: Professor Yeh Kuang-Shih, Ph. D Privatization of national corporations represents an effort to swim with the tide of internationalization and liberalization. Taiwan Railway Freight Corporation, incorporated in 1946, gets 80.12% of its shares invested by Taiwan Provincial Government and 19.88% by non-government forwarders. It mainly engages in rail vehicle cleaning and rail cargo handling. As scheduled by Executive Yuan (the Cabinet), it must get privatized by December 2002. But if it fails to tackle bottlenecks under the ¡§Government Procurement Law¡¨ to continually obtain the job contracts, it runs into risk of being shut down, let alone privatization. The Study first looks into national corporations and privatization by definition, ways of privatization, cases of successfully completed privatization cases, keys to the success. Next, it would look into financial and managerial aspects to look into the Cargo Forwarding Corporation (TRF) to analyze the niches and shortcomings by means of SWOT analysis, external chances and threats. The study will further look into the difficulties confronting privatization to work out feasible ways of privatization, including one preferential choice and four alternatives. The comparison with the niches and shortcomings in privatization yields the findings privatization would not help improve market structure at all if fulfilled by means of merger, asset auction, dissolution, liquidation or share sales. While its assets are insufficient to pay seniority pay to employees, shareholders and employees are bound to backfire. The study would, therefore, propose that takeover by employees to set up a new corporation must be more feasible. TRF must face tough challenges in privatization. The ¡§Government Procurement Law¡¨ restriction makes profitability low and the prospects dim. Employees¡¦ rights to work and costs to be incurred in the process of privatization must be urgent tasks to be solved. It is proposed that the government, first of all, coordinate with competent authorities concerned to overcome the bottlenecks in ¡§Government Procurement Law¡¨ and problems to pay off employees. In the premise of assuring employees¡¦ right to work, potential backfire from shareholders and employees should be able to get minimized to have it successfully privatized to attain the goal of perpetuity up to happy win-win strategy to the government, enterprises and employees. The study aims at TRF and yields conclusions applicable to TRF only. About further politic proposals regarding problems which must be solved beforehand, the future scholars are required to take in-depth probe into the model of management, performance, staff values, transformation in concepts and interests..

The international year of fresh water represents the opportunity to look back at the seemingly irresistible movement toward privatization and at the devolution of State responsibilities in water and wastewater services. The welfare State appears to be increasingly ill-adapted to times dominated by globalisation and efficiency, while the market and the private corporations are presented as a panacea for solving the water crisis. But expectations of the market have not been met. This thesis analyses the debate over privatization of these services and the fondamental impacts on public values of introducing a market philosophy into this industry. Rather than witnessing a retreat of the State, its role is evolving although direct service provision is superseded by heavy regulation of the industry. In criticizing the neoclassical approach to the public good and regulation, the thesis argues that individualizing the process of valuing the public good fosters a culture of conflict and complexity that ultimately undermines our ability to formulate and achieve common goals. This creates an important accountability deficit. The need for environmental efficiency and democracy in an era of uncertainty requires that we search for means of expanding the reach of public values and thus suggests an even deeper reshaping of our governance structures, public and private.

Thesis (Ph. D.)--University of California, San Diego, 2002. / Vita. Includes bibliographical references (leaves 268-289).

Thesis (M. Sc.(Urb. Plan.))--University of Hong Kong, 1995. / Includes bibliographical references.

Thesis (M. Hous. M.)--University of Hong Kong, 1998. / Includes bibliographical references.

Thesis (M. Hous. M.)--University of Hong Kong, 1998. / Includes bibliographical references (leaves 87-91).

Thesis (M. Hous. M.)--University of Hong Kong, 1998. / Includes bibliographical references (leaves 65-71).

Thesis (M. Hous. M.)--University of Hong Kong, 1998. / Includes bibliographical references.