EFFICIENCY OF PRIVATIZED FIRMS - EVIDENCE AND IMPLICATIONS

As the debate on the role of public sector enterprises rages in India, it is worthwhile to ask what we might learn from the worldwide experi ence with privatisation, since this policy Las been applied in other c ountries for some time. Does it work? Under what conditions does it wo rk, and under what conditions does it fail to deliver the goods? How c an the competing interest groups be simultaneously satisfied? This pap er is devoted to analysis of some of these questions, using evidence f rom around the globe.