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Author
Description
In many countries, public sector institutions impose heavy burdens on economic life: heavy and arbitrary taxes retard investment, regulations enrich corrupt bureaucrats, state firms consume national wealth, and the most talented people turn to rent-seeking rather than productive activities. The authors of this collection of essays describe many of these pathologies of a grabbing hand government and examine their consequences for growth.
Description
Despite privatization, state-owned enterprises still account for a large share of developing countries' economies. This report shows how divestiture and other reforms can improve the economy, why politics often impede reform, and how countries that reformed successfully overcame these obstacles.
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