Reality check

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From the Center for Global Development, a new book, 'Reality Check' by Nancy Birdsall and John Nellis:

The privatization of state-owned enterprises has been among the most controversial of market reforms. This new edited volume brings together a comprehensive set of country studies on the effects of privatization on people—and answers the overarching question: who are the winners and losers of the wave of privatizations that swept across the developing world in the 1980s and 1990s?

We'll review it when they send us a copy. A quick and probably unfair precis from Nellis's Q&A is as follows: privatization does no harm, but the more slowly and carefully you do it, the better.

Don't forget our brand-new privatization database.

Update: Don't forget our discussion on how to improve the performance of state enterprises, either.

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