Description
This study explores in depth the theoretical and practical foundations of privatization. The argument is that decision makers at the state and local levels have largely disregarded in the 1990s the issues of propriety and legitimacy that were so prevalent in the 1980s, and by so doing, have laid the basis for privatization to expand. The strengths and weaknesses of the various organizational types are examined; and based on this examination, the study outlines the elements of a comprehensive privatization strategy. It also offers a rational typology for public-private partnerships based on function, risk, financial return to the partners, and different outcome objectives. Last, the perspective shifts to policy issues related to privatization, an empirical analysis of differentials in salaries and benefits paid to employees of public and private organizations, and concludes that privatization has had a negative impact upon compensatory equity in the US.
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