By privatizing state-owned monopolies and deregulating whole industries, governments the world over have brought market forces to bear on electricity, telecommunications, and other economic activities formerly carried out in the public sector. This increased market pressure has in turn raised productivity as organizations in once-sleepy fields apply performance-enhancing tools long employed by private enterprise.
Governments, though, are frequently less willing to privatize or deregulate activities such as law enforcement, tax collection, public administration, and, in many countries, education and health care. Here they understandably give precedence to social rather than financial objectives.
Format: PDF | Size: 129KB