Privatization in Malaysia : Regulation, Rent-Seeking and Policy Failure

Jeff Tan

ISBN 10: 0415545374 / ISBN 13: 9780415545372

Verlag: Routledge, 2007

nach der Bestellung gedruckt Neuware - Printed after ordering - In recent years, privatisation has fallen out of favour in many countries because the underlying political factors have not been well understood. This book examines Malaysia's privatisation programme, focusing on how political constraints resulted in the failure of four major privatisations: the national sewerage company (IWK), Kuala Lumpur Light Rail Transit (LRT), national airline (MAS), and national car company (Proton). It considers why developing countries such as Malaysia might want to embark on privatisation, the factors that lead to policy failure, and what is needed to make it work. It shows clearly that political motives driving privatisation often dominate purely economic considerations, and thus it is necessary to analyse privatisation within the specific country context. It argues that failure in the Malaysian case was due to political considerations that compromised institutional design and regulatory enforcement, leading to problems associated with corruption. It concludes that privatisation does not necessarily improve incentives for efficiency or enhance the finance available for capital investment, and that successful privatisation depends on the state's institutional and political capacity to design and manage an appropriate set of subsidies. Overall, this book is a comprehensive examination of privatisation in Malaysia, providing important insights for understanding the political economy of this process in other developing countries. Bestandsnummer des Verkäufers 9780415545372

Inhaltsangabe:

This book explores privatization in Malaysia, focusing in particular on how political constraints resulted in the failure of four major privatizations: the national sewerage company (IWK), Kuala Lumpur Light Rail Transit (LRT), national airline (MAS), and national car company (Proton).

Über die Autorin bzw. den Autor:

Jeff Tan is an Assistant Professor at the Aga Khan University Institute for the Studies of Muslim Civilisations (AKU-ISMC) in London where he lectures in development studies. He specialises in the political economy of development and his research interests include the privatisation of public utilities and infrastructure, governance and globalisation.

Bibliografische Details

Titel: Privatization in Malaysia : Regulation, ...
Verlag: Routledge
Erscheinungsdatum: 2007
Einband: Taschenbuch
Zustand: Neu