How Governments Privatize. Divestment Policies in the United States and Germany

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How Governments Privatize. Divestment Policies in the United States and Germany

3,49

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Governments around the world face difficulties in the process of divestment. The traditional view in the literature on public administration and privatization is that large-scale tasks such as divestment are usually poorly executed and government strategy is likely to be ineffective. Mark Cassell shows that privatization must be understood as a political and administrative task, and not as a mere exercise in economic efficiency. This study of two successful divestment institutions, the U.S. Settlement Trust Corporation and the German State Property Trust, will provide a comprehensive understanding of the performance of the two institutions in privatizing hundreds of billions of dollars of assets following two very different crises—loan savings crisis in the United States and the crisis after German reunification. This book will be of interest to those who are interested in alternatives to traditional public sector structures, the electoral ties of bureaucracies, comparative political economy, and the historical events surrounding the savings and loan crisis and German unification. The book will be useful both for practitioners in public administration and for researchers.

Barcode: 9785932554487 SKU: 70106680 Category:
Publication language: Russian

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