TABLE OF CONTENTS
ACRONYMS;
LIST OF TABLES;
LIST OF ANNEXURES;
INTRODUCTION;
Chapter I: Literature Review and Methodology;
1.1 Introduction;
1.2 Theoretical Context;
1.3 Review of Eritrean Privatization Law;
A. Privatization Agency;
B. Privatization Policies and Modalities;
1.4 Definition o£ Research Problem;
1.4.1 Main Research Questions;
1.5 Research Methodology;
1.6 Chapterization;
Chapter II: Introduction;
2.1 Public Policy - New Right school of thought;
2.2. Economic Theories of Development;
A. The New Political Economy;
B. Liberalization;
C. Privatization;
D. Globalization;
Chapter ill: Privatization in a theoretical context;
3.1 Definition;
A. Benefits of Privatization;
B. The Political underpinnings of Privatization;
3.2 Privatization Objectives;
3.3 Reform of Public Enterprises;
3.3.1 Public Sector Reform Success Story: The New Zealand Case;
A. Reform of Government Commercial enterprises;
B. Reform Approaches;
3.4 Privatization Process;
3.4.1 Pre-Privatization stage;
A. Conditions for a Successful Privatization Plan;
B. Restructuring and Productivity;
C. Providing A Performance Record;
3.4.1.1 Privatization Methods (Instruments of Transaction);
3.4.2 Privatization stage;
A. Types and Techniques of Privatization;
B. Privatized company's relationship with government;
3.4.3 Post-Privatization Stage;
A. Limitations of Privatization;
B. Costs of Privatization;
3.5 Ownership and Competition;
3.5.1 Conditions for Success of Privatization;
3.6 Valuation and pricing of privatization;
3.6.1 Purpose of Valuation;
3.6.2 Asset Valuation Method;
3.6.3 Earnings and assets;
3.6.4 Net Asset Value;
3.6.5 The Balco Case;
3.7 Efficiency vis-a-vis Equity;
3.8 State vis-a-vis Market;
3.9 Regulation;
Chapter IV: Privatization in Eritrea;
4. 1 Historical Overview;
4.2 Eritrea's Economic Macro-Policy;
4.3 Review of Eritrean Privatization Law;
4.3.1 The National Agency for the Supervision and Privatization of Public Enterprises (NASPPE);
4.3.2 Policies and Modalities for the Privatization of Public Enterprises;
4.3.3 The Practical Aspects of Privatization in Eritrea;
4.3.3.1 The Early Stages 1993-94 (Phase I);
4.3.3.2 Developments Since 1995 (Phase II);
A. Privatization Procedures;
B. Privatization of Individual Enterprises;
C. Privatization Record;
4.3.4. Critical opinion on the law and practice;
At National Economic Policy level;
Implementation level;
Other Policy Level Issues are;
Chapter V: Privatization (disinvestment) in India;
5. 1 Historical Overview;
5.2 Policy;
5.3 Law - Terms of reference;
5.3.1 Establishment of Disinvestment Commission;
5.3.2 Disinvestment Commission's Recommendations;
5.3.2.1 Establishment of Disinvestment Fund;
5.3.2.2 Restructuring;
A. Business Restructuring;
B. Technological Restructuring;
C. Corporate Governance and Autonomy;
5.3.2.3 Recommendations Applicable to all PSUs;
5.3.3 Disinvestment Strategy, Principles and Criteria;
5.3.3.1 Long Term Disinvestment Strategy;
5.3.3.2 Guidelines on Disinvestment of PSUs;
5.3.3.3 Guidelines on Modalities;
5.4 Practice;
Chapter VI: Privatization in Developing Countries;
Chapter VII: Conclusions and Recommendation;
7.1 General Remarks on the Process of Privatization in India and Eritrea;
7.2 Recommendations;
GLOSSARY;
BIBLIOGRAPHY;
WEBLIOGRAPHY;
ANNEXURES.