Privatization, Deregulation and Institutional Framework  

International Joint Research Project Series

No.3

■ Privatization, Deregulation and Institutional Framework
■ Edited by KAGAMI Mitsuhiro and TSUJI Masatsugu
■ 4,212円(本体価格 3,900円)
■ 354pp
■ Published in 1999
■ ISBN4-258-56003-0

The processes of privatization of state-owned enterprises and deregulation are scrutinized. Best policy mixes are pursued through the experiences of both developed and developing countries. This volume presents the results of an international joint study including U.S., and Japanese teams.
CONTENTS

Preface / Mitsuhiro Kagami

Introduction / Mitsuhiro Kagami, Masatsugu Tsuji


Part I. Report by the Japan Team

1.Introduction
2.Pros and Cons of Privatization and Deregulation
3.Privatization and Deregulation: Japan's Experience
4.Suggestions for Developing Countries
Notes
References

1.Introduction
2.Results of the First Reform of 1985
3.Restructuring NTT: The Second Reform
4.Recent Developments in the Telecommunications Market
5.Characteristics of Competitive Policy and the Telecommunications Market
6.New Regulatory Schemes: Interconnection Rule, Price-Cap, and Universal Service
Notes
References

1.Introduction
2.Processes of Financial Liberalization and Deregulation
3.Problems Remain Unsolved During the Process of Financial Deregulation
4.Financial Supervisory Agency (FSA)
5.Implications and Concluding Remarks
Notes
References

1.Introduction
2.Model
3.Simulation Results
4.Concluding Remarks
Notes
References

5. A Review of Korea's Economic Deregulation Policy / Hwa-dong Kim

1.Introduction
2.Deregulation During the 1980s-1992
3.Deregulation During The New Economy Plan (1993-97)
4.Regulatory Reform: 'Government of the People'
5.Concluding Remarks
Notes
References

Part II. Report by the UK Team

6. A Survey of the Liberalization of Public Enterprises in the UK since 1979 / Michael Pollitt

1.Introduction
2.The UK Privatization Program
3.The Development of the Regulatory System
4.Analysis of the Effects of Privatization and Deregulation
5.Conclusions
Notes
References

7. Deregulation of the UK Electricity Supply Industry / Tango McDaniel

1.Introduction
2.The ESI: Structure and Industry Participants
3.Changes and Assessments
4.Conclusions
Notes
References

8. A Survey of Deregulation in Indian Industry / Sunil Mani

1.Introduction
2.An Analysis of the Divestiture Process
3.Conclusions
Notes
References
Annex A
Annex B
Annex C
Notes

9. Deregulation and Reforms in India's Telecommunications Industry / Sunil Mani

1.Introduction
2.Basic Features of the Telecom Sector
3.Technological Changes in the Distribution Sector
4.Deregulation of the Telecom Sector
5.The Current Structure of the Market
6.Conclusion
Notes
References

Part III. Report by the US Team

10. Experience in US Regulation and Deregulation / Sanford Berg

1.Introduction
2.Innovations and the Accumulation of Evidence
3.Balancing Regulatory Commitments and Flexibility
4.Predicting Industry Performance
5.Procedures for Credibility, Legitimacy and Efficiency
6.Incentive Regulation and Competitive Pressures
7.Sequence of Reform: Restructure Then Privatize
8.Concluding Observation
Notes
References

11. Lessons in US Electricity Market Reform / Sanford Berg

1.Overview of US Electricity Regulation
2.Fairness: he Traditional Regulation of Profitability
3.Instruments for the Promotion of Production Efficiency
4.Design Issues for Restructuring
5.Concluding Observations
Notes
References

12. Economic Stabilization and Liberalization in Latin America: Is the Reform Agenda Still Viable? / Terry McCoy

1.Latin America's New Business Environment
2.Model of the Business Environment and Reform Process
3.Current State of Reform: Regional Overview
4.Country Performances
5.Conclusions
6.Notes
References

13. Telecommunications Privatization and Deregulation: Lesson from Latin America / Luis Gutierrez, Sanford Berg

1.Introduction
2.Context
3.Telecommunications Investment in Latin America
4.Conclusions
Notes
References
Appendix

14. Deregulation and Market Reform in Bolivia: A Grassroots Perspective / Luis Galindo, Ricardo Godoy

1.The Problem and Its Significance
2.The Econometric Model
3.Methods for Collecting Information
4.The Statistical Approach
5.Conclusions and Implications for Policy-Makers

Conclusion / Mitsuhiro Kagami, Masatsugu Tsuji