Privatization and Globalization

The Changing Role of the State in Business

The Globalization of the World Economy series

Edited by Ram Mudambi, Professor and Perelman Senior Research Fellow of Strategic Management, Department of Strategic Management, Fox School of Business, Temple University, US

The two most important forces affecting the world economy in the closing decades of the 20th century are globalization and privatization. While proceeding in parallel, these forces have nonetheless had significant interactions with one another, which are examined in this collection.

‘The book presents a useful collection of many of the most influential scholarly articles written by economists over the past two decades on the theory and practice of privatization and deregulation. Yet this book is more; it creates an understanding of the relationship between private enterprise and government, and how various related economic perspectives have evolved. While most contributors take a US-based viewpoint, authors and examples cover the globe. Mudambi’s introduction synthesizes the most salient insights of the contributors, highlights the critical importance of institutions for wealth creation, and raises new questions.’
– Klaus Uhlenbruck, Texas A&M University, US