Alternatives to Infrastructure Privatization Revisited : Public Enterprise Reform from the 1960s to the 1980s
Frustration with the performance of State-owned enterprises (SOEs) has led to two rounds of reform: the first round, from the 1960s through the 1980s, attempted to improve SOE performance while maintaining public ownership while the second, beginni...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/11/8681981/alternatives-infrastructure-privatization-revisited-public-enterprise-reform-1960s-1980s http://hdl.handle.net/10986/7604 |
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okr-10986-7604 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ACCOUNTING ACCOUNTING STANDARDS AFFORDABLE PRICES ARREARS BAILOUTS BALANCE SHEETS BANKRUPTCY BONDS BRANCH BUDGETARY SUPPORT BUDGETING BUSINESS MANAGER BUSINESS MANAGERS BUSINESSES CAPABILITIES CAPABILITY CAPACITY BUILDING CAPITAL MARKETS CASH FLOW CASH FLOWS CENTRAL AMERICAN COLLECTIVE ACTION COLLECTIVE ACTION PROBLEMS COMMERCIAL ACTIVITIES COMMERCIAL OPERATION COMMERCIAL TERMS COMPETITIVE BIDDING COMPETITIVE MARKETS COMPETITOR COMPETITORS CONFLICTS OF INTEREST CONTROL SYSTEMS CORPORATE GOVERNANCE CORPORATION CORPORATIONS CORPORATIZATION CREDITORS CRITICAL MASS CROSS-SUBSIDIES CUSTOMER RELATIONS DAY-TO-DAY MANAGEMENT DEBT DEBTS DEFICITS DEMOCRACY DEPRECIATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DIVIDENDS DRINKING WATER DRINKING WATER QUALITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT EFFICIENCY IMPROVEMENTS ELECTRICITY ELECTRONICS INDUSTRIES EMPLOYMENT ENTERPRISE PERFORMANCE ENTERPRISE REFORM ENTERPRISE REFORMS EQUIPMENT EQUITY STAKE EXPANSION EXPOSURE EXTERNAL FINANCING FINANCIAL RESOURCES FINANCIAL SUPPORT FIRM PERFORMANCE FIRMS FOREIGN PARTNERS GOVERNMENT CAPACITY GOVERNMENT CORPORATION GOVERNMENT DEBT GOVERNMENT OFFICES GOVERNMENT OWNERSHIP GOVERNMENT SUBSIDIES GOVERNMENT SUPPORT HOLDING HOLDING COMPANIES HOLDING COMPANY HOLDINGS HUMAN CAPACITY HUMAN CAPITAL INCOME INDEPENDENT REGULATOR INDEPENDENT REGULATORY BODY INFLATION INFORMATION ASYMMETRY INFRASTRUCTURE PRIVATIZATION INNOVATION INSTITUTION INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT JOINT VENTURE JOINT VENTURES LATIN AMERICAN LEASING LEGAL SYSTEM LEVEL PLAYING FIELD LICENSES LOCAL ECONOMY LOCAL ENTREPRENEURS LOCAL INSTITUTIONS MANUFACTURING MANUFACTURING ENTERPRISES MARGINAL COST MARGINAL COST PRICING MARGINAL COSTS MARKET SHARE MARKETING MIXED ENTERPRISE MIXED ENTERPRISES MOBILE TELEPHONES MODEL CODE MONOPOLIES MONOPOLY MONOPOLY REGULATION MULTINATIONAL OIL PRICES OUTSOURCING OVERSEAS TRAINING PARTY PERFORMANCE MEASURES PHONE POLITICAL ECONOMY POLITICAL RISKS PRICE CAPS PRICE REGULATION PRINCIPAL PAYMENTS PRIVATE CAPITAL PRIVATE COMPANIES PRIVATE COMPANY PRIVATE ENTERPRISES PRIVATE EQUITY PRIVATE FIRM PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE INVESTOR PRIVATE INVESTORS PRIVATE OPERATORS PRIVATE SECTOR PRIVATE SECTOR MANAGERS PRIVATE SECTORS PRIVATE SERVICES PRIVATE UTILITIES PRIVATE WATER PRIVATE WATER COMPANIES PRIVATIZATION PRIVATIZATIONS PROCUREMENT PRODUCTIVITY PUBLIC ADMINISTRATION PUBLIC ADMINISTRATIONS PUBLIC AGENCIES PUBLIC COMPANIES PUBLIC COMPANY PUBLIC ENTERPRISE PUBLIC ENTERPRISES PUBLIC POLICY PUBLIC WATER PUBLIC-PRIVATE PARTNERSHIPS QUALITY OF SERVICE REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AGENCY RENEGOTIATION REPUTATION RESULT RESULTS RETURN RETURNS SERVICE PROVIDERS SEWAGE SYSTEMS SHARE PRICE SHARE PRICES SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDERS SMALL COUNTRIES SMALL INVESTORS SOCIAL RESPONSIBILITY STOCK EXCHANGE STOCK OPTIONS SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPPLIERS SUSTAINABLE DEVELOPMENT TARGETS TARIFF REGULATION TAX TECHNICAL ASSISTANCE TECHNICAL EXPERTISE TECHNICAL SKILLS TELEPHONE TELEPHONY TRADITIONAL INFRASTRUCTURE TRAINING COURSES TREASURY UNIVERSAL ACCESS UTILITIES VENDORS WASTE WATER WASTE WATER TREATMENT WASTEWATER SERVICES WATER COMPANIES WATER UTILITIES WEB WHITE PAPER WHITE PAPERS |
| spellingShingle |
ACCOUNTING ACCOUNTING STANDARDS AFFORDABLE PRICES ARREARS BAILOUTS BALANCE SHEETS BANKRUPTCY BONDS BRANCH BUDGETARY SUPPORT BUDGETING BUSINESS MANAGER BUSINESS MANAGERS BUSINESSES CAPABILITIES CAPABILITY CAPACITY BUILDING CAPITAL MARKETS CASH FLOW CASH FLOWS CENTRAL AMERICAN COLLECTIVE ACTION COLLECTIVE ACTION PROBLEMS COMMERCIAL ACTIVITIES COMMERCIAL OPERATION COMMERCIAL TERMS COMPETITIVE BIDDING COMPETITIVE MARKETS COMPETITOR COMPETITORS CONFLICTS OF INTEREST CONTROL SYSTEMS CORPORATE GOVERNANCE CORPORATION CORPORATIONS CORPORATIZATION CREDITORS CRITICAL MASS CROSS-SUBSIDIES CUSTOMER RELATIONS DAY-TO-DAY MANAGEMENT DEBT DEBTS DEFICITS DEMOCRACY DEPRECIATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DIVIDENDS DRINKING WATER DRINKING WATER QUALITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT EFFICIENCY IMPROVEMENTS ELECTRICITY ELECTRONICS INDUSTRIES EMPLOYMENT ENTERPRISE PERFORMANCE ENTERPRISE REFORM ENTERPRISE REFORMS EQUIPMENT EQUITY STAKE EXPANSION EXPOSURE EXTERNAL FINANCING FINANCIAL RESOURCES FINANCIAL SUPPORT FIRM PERFORMANCE FIRMS FOREIGN PARTNERS GOVERNMENT CAPACITY GOVERNMENT CORPORATION GOVERNMENT DEBT GOVERNMENT OFFICES GOVERNMENT OWNERSHIP GOVERNMENT SUBSIDIES GOVERNMENT SUPPORT HOLDING HOLDING COMPANIES HOLDING COMPANY HOLDINGS HUMAN CAPACITY HUMAN CAPITAL INCOME INDEPENDENT REGULATOR INDEPENDENT REGULATORY BODY INFLATION INFORMATION ASYMMETRY INFRASTRUCTURE PRIVATIZATION INNOVATION INSTITUTION INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT JOINT VENTURE JOINT VENTURES LATIN AMERICAN LEASING LEGAL SYSTEM LEVEL PLAYING FIELD LICENSES LOCAL ECONOMY LOCAL ENTREPRENEURS LOCAL INSTITUTIONS MANUFACTURING MANUFACTURING ENTERPRISES MARGINAL COST MARGINAL COST PRICING MARGINAL COSTS MARKET SHARE MARKETING MIXED ENTERPRISE MIXED ENTERPRISES MOBILE TELEPHONES MODEL CODE MONOPOLIES MONOPOLY MONOPOLY REGULATION MULTINATIONAL OIL PRICES OUTSOURCING OVERSEAS TRAINING PARTY PERFORMANCE MEASURES PHONE POLITICAL ECONOMY POLITICAL RISKS PRICE CAPS PRICE REGULATION PRINCIPAL PAYMENTS PRIVATE CAPITAL PRIVATE COMPANIES PRIVATE COMPANY PRIVATE ENTERPRISES PRIVATE EQUITY PRIVATE FIRM PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE INVESTOR PRIVATE INVESTORS PRIVATE OPERATORS PRIVATE SECTOR PRIVATE SECTOR MANAGERS PRIVATE SECTORS PRIVATE SERVICES PRIVATE UTILITIES PRIVATE WATER PRIVATE WATER COMPANIES PRIVATIZATION PRIVATIZATIONS PROCUREMENT PRODUCTIVITY PUBLIC ADMINISTRATION PUBLIC ADMINISTRATIONS PUBLIC AGENCIES PUBLIC COMPANIES PUBLIC COMPANY PUBLIC ENTERPRISE PUBLIC ENTERPRISES PUBLIC POLICY PUBLIC WATER PUBLIC-PRIVATE PARTNERSHIPS QUALITY OF SERVICE REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AGENCY RENEGOTIATION REPUTATION RESULT RESULTS RETURN RETURNS SERVICE PROVIDERS SEWAGE SYSTEMS SHARE PRICE SHARE PRICES SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDERS SMALL COUNTRIES SMALL INVESTORS SOCIAL RESPONSIBILITY STOCK EXCHANGE STOCK OPTIONS SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPPLIERS SUSTAINABLE DEVELOPMENT TARGETS TARIFF REGULATION TAX TECHNICAL ASSISTANCE TECHNICAL EXPERTISE TECHNICAL SKILLS TELEPHONE TELEPHONY TRADITIONAL INFRASTRUCTURE TRAINING COURSES TREASURY UNIVERSAL ACCESS UTILITIES VENDORS WASTE WATER WASTE WATER TREATMENT WASTEWATER SERVICES WATER COMPANIES WATER UTILITIES WEB WHITE PAPER WHITE PAPERS Gómez-Ibáñez, José A. Alternatives to Infrastructure Privatization Revisited : Public Enterprise Reform from the 1960s to the 1980s |
| relation |
Policy Research Working Paper; No. 4391 |
| description |
Frustration with the performance of
State-owned enterprises (SOEs) has led to two rounds of
reform: the first round, from the 1960s through the 1980s,
attempted to improve SOE performance while maintaining
public ownership while the second, beginning in the late
1980s, viewed privatization as the answer. Interest in the
earlier round of reform has increased recently as
controversy has slowed or halted privatization in many
countries, especially for SOEs providing infrastructure
services that are basic to everyday life and are thought to
have elements of monopoly. This paper reexamines the
earlier round of reforms, focusing particularly on efforts
to increase the firms' capacity with infusions of human
and physical capital, to strengthen managerial incentives
through performance contracts and corporatization and to
alter the mix of political and economic forces that impinge
on the firm by strengthening the involvement of taxpayers,
customers or private investors. The review suggests that
these earlier approaches generated only modest success but
that some of them, selectively applied, may be helpful in
improving the performance of infrastructure firms that
remain in public hands. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Gómez-Ibáñez, José A. |
| author_facet |
Gómez-Ibáñez, José A. |
| author_sort |
Gómez-Ibáñez, José A. |
| title |
Alternatives to Infrastructure Privatization Revisited : Public Enterprise Reform from the 1960s to the 1980s |
| title_short |
Alternatives to Infrastructure Privatization Revisited : Public Enterprise Reform from the 1960s to the 1980s |
| title_full |
Alternatives to Infrastructure Privatization Revisited : Public Enterprise Reform from the 1960s to the 1980s |
| title_fullStr |
Alternatives to Infrastructure Privatization Revisited : Public Enterprise Reform from the 1960s to the 1980s |
| title_full_unstemmed |
Alternatives to Infrastructure Privatization Revisited : Public Enterprise Reform from the 1960s to the 1980s |
| title_sort |
alternatives to infrastructure privatization revisited : public enterprise reform from the 1960s to the 1980s |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/11/8681981/alternatives-infrastructure-privatization-revisited-public-enterprise-reform-1960s-1980s http://hdl.handle.net/10986/7604 |
| _version_ |
1764402561210646528 |
| spelling |
okr-10986-76042021-04-23T14:02:34Z Alternatives to Infrastructure Privatization Revisited : Public Enterprise Reform from the 1960s to the 1980s Gómez-Ibáñez, José A. ACCOUNTING ACCOUNTING STANDARDS AFFORDABLE PRICES ARREARS BAILOUTS BALANCE SHEETS BANKRUPTCY BONDS BRANCH BUDGETARY SUPPORT BUDGETING BUSINESS MANAGER BUSINESS MANAGERS BUSINESSES CAPABILITIES CAPABILITY CAPACITY BUILDING CAPITAL MARKETS CASH FLOW CASH FLOWS CENTRAL AMERICAN COLLECTIVE ACTION COLLECTIVE ACTION PROBLEMS COMMERCIAL ACTIVITIES COMMERCIAL OPERATION COMMERCIAL TERMS COMPETITIVE BIDDING COMPETITIVE MARKETS COMPETITOR COMPETITORS CONFLICTS OF INTEREST CONTROL SYSTEMS CORPORATE GOVERNANCE CORPORATION CORPORATIONS CORPORATIZATION CREDITORS CRITICAL MASS CROSS-SUBSIDIES CUSTOMER RELATIONS DAY-TO-DAY MANAGEMENT DEBT DEBTS DEFICITS DEMOCRACY DEPRECIATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DIVIDENDS DRINKING WATER DRINKING WATER QUALITY ECONOMIC COOPERATION ECONOMIC DEVELOPMENT EFFICIENCY IMPROVEMENTS ELECTRICITY ELECTRONICS INDUSTRIES EMPLOYMENT ENTERPRISE PERFORMANCE ENTERPRISE REFORM ENTERPRISE REFORMS EQUIPMENT EQUITY STAKE EXPANSION EXPOSURE EXTERNAL FINANCING FINANCIAL RESOURCES FINANCIAL SUPPORT FIRM PERFORMANCE FIRMS FOREIGN PARTNERS GOVERNMENT CAPACITY GOVERNMENT CORPORATION GOVERNMENT DEBT GOVERNMENT OFFICES GOVERNMENT OWNERSHIP GOVERNMENT SUBSIDIES GOVERNMENT SUPPORT HOLDING HOLDING COMPANIES HOLDING COMPANY HOLDINGS HUMAN CAPACITY HUMAN CAPITAL INCOME INDEPENDENT REGULATOR INDEPENDENT REGULATORY BODY INFLATION INFORMATION ASYMMETRY INFRASTRUCTURE PRIVATIZATION INNOVATION INSTITUTION INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT JOINT VENTURE JOINT VENTURES LATIN AMERICAN LEASING LEGAL SYSTEM LEVEL PLAYING FIELD LICENSES LOCAL ECONOMY LOCAL ENTREPRENEURS LOCAL INSTITUTIONS MANUFACTURING MANUFACTURING ENTERPRISES MARGINAL COST MARGINAL COST PRICING MARGINAL COSTS MARKET SHARE MARKETING MIXED ENTERPRISE MIXED ENTERPRISES MOBILE TELEPHONES MODEL CODE MONOPOLIES MONOPOLY MONOPOLY REGULATION MULTINATIONAL OIL PRICES OUTSOURCING OVERSEAS TRAINING PARTY PERFORMANCE MEASURES PHONE POLITICAL ECONOMY POLITICAL RISKS PRICE CAPS PRICE REGULATION PRINCIPAL PAYMENTS PRIVATE CAPITAL PRIVATE COMPANIES PRIVATE COMPANY PRIVATE ENTERPRISES PRIVATE EQUITY PRIVATE FIRM PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE INVESTOR PRIVATE INVESTORS PRIVATE OPERATORS PRIVATE SECTOR PRIVATE SECTOR MANAGERS PRIVATE SECTORS PRIVATE SERVICES PRIVATE UTILITIES PRIVATE WATER PRIVATE WATER COMPANIES PRIVATIZATION PRIVATIZATIONS PROCUREMENT PRODUCTIVITY PUBLIC ADMINISTRATION PUBLIC ADMINISTRATIONS PUBLIC AGENCIES PUBLIC COMPANIES PUBLIC COMPANY PUBLIC ENTERPRISE PUBLIC ENTERPRISES PUBLIC POLICY PUBLIC WATER PUBLIC-PRIVATE PARTNERSHIPS QUALITY OF SERVICE REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AGENCY RENEGOTIATION REPUTATION RESULT RESULTS RETURN RETURNS SERVICE PROVIDERS SEWAGE SYSTEMS SHARE PRICE SHARE PRICES SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDERS SMALL COUNTRIES SMALL INVESTORS SOCIAL RESPONSIBILITY STOCK EXCHANGE STOCK OPTIONS SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPPLIERS SUSTAINABLE DEVELOPMENT TARGETS TARIFF REGULATION TAX TECHNICAL ASSISTANCE TECHNICAL EXPERTISE TECHNICAL SKILLS TELEPHONE TELEPHONY TRADITIONAL INFRASTRUCTURE TRAINING COURSES TREASURY UNIVERSAL ACCESS UTILITIES VENDORS WASTE WATER WASTE WATER TREATMENT WASTEWATER SERVICES WATER COMPANIES WATER UTILITIES WEB WHITE PAPER WHITE PAPERS Frustration with the performance of State-owned enterprises (SOEs) has led to two rounds of reform: the first round, from the 1960s through the 1980s, attempted to improve SOE performance while maintaining public ownership while the second, beginning in the late 1980s, viewed privatization as the answer. Interest in the earlier round of reform has increased recently as controversy has slowed or halted privatization in many countries, especially for SOEs providing infrastructure services that are basic to everyday life and are thought to have elements of monopoly. This paper reexamines the earlier round of reforms, focusing particularly on efforts to increase the firms' capacity with infusions of human and physical capital, to strengthen managerial incentives through performance contracts and corporatization and to alter the mix of political and economic forces that impinge on the firm by strengthening the involvement of taxpayers, customers or private investors. The review suggests that these earlier approaches generated only modest success but that some of them, selectively applied, may be helpful in improving the performance of infrastructure firms that remain in public hands. 2012-06-08T21:21:31Z 2012-06-08T21:21:31Z 2007-11 http://documents.worldbank.org/curated/en/2007/11/8681981/alternatives-infrastructure-privatization-revisited-public-enterprise-reform-1960s-1980s http://hdl.handle.net/10986/7604 English Policy Research Working Paper; No. 4391 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |