Institute on Globalization and the Human Condition, McMaster University
Abstract:
Public administration actors, institutions and processes came under severe criticism in most states, as they seemed to be increasingly inappropriate for performing the tasks expected of them. Western developed nations moved to alleviate the problems by introducing reforms in the public sector. Initially, the reforms aimed at cutting cost in the provision of public services and reducing the size of the bureaucracy. Subsequently, the reforms also attempted to usher in changes in the approach and attitude, and more radical solutions were considered, including the overhaul of public sector organizations and the introduction of market principles.
Topic:
Emerging Markets, Globalization, Politics, and Privatization
Social changes, which recently occurred in post-communist countries, brought new opportunities for positive developments and offered the possibility of choice. In most countries, the social transition brought an opening of borders, enabling an influx of positive as well as negative influences. However, even the general positive impact of social changes is typically followed by more negative consequences in the everyday life of the people. The most dramatic consequences of social transition, manifested in a significant rise of unemployment and the loss of many social benefits. These developments are directly related to the replacement of planned, centralized economies by the market and the privatization of state property. Most people lost their previous social security benefits and, despite the fact that the general character of communism was “equality in poverty,” the social transition was a source of serious stress and numerous existential problems. This was further intensified by the fact that, at the same time, the growing import of both material goods and the American way of thinking, i.e. consumerism spirit of the West, urged people to achieve their “American dreams” at any cost.
Topic:
Conflict Prevention, Civil Society, Human Welfare, and Privatization
A number of factors are impeding the implementation of privatization in the Israeli economy. Here I will review those factors based on my own experience, both as someone who has represented investors who purchased government companies through privatization processes, and (from the other side of the fence) in my positions in the Ministry of Finance, when I had an opportunity to observe the governmental process from the inside.
The privatization of Mexico's government-run pay-as-you-go social security system, which went into effect in July 1997, is the Ernesto Zedillo administration's most important structural reform. It is a measure that, if successful, will help bring much-needed social and economic stability. The Mexican peso crisis of 1994–95 underscore d the fragility of Mexico's economy, its need for independent institutions, and its need for a large pool of long-term domestic savings. An increase in the rate of private savings in Mexico, which this reform will promote, would make the Mexican economy less dependent on short-term fluctuations of international capital flows and, thus, more stable. More important still, the privatization of social security will erect one of the basic pillars of a free society by turning Mexico into a country of property-owning workers.
Topic:
Economics, Government, International Political Economy, and Privatization