PART ONETHE THEORY OF PRIVATIZATION
I. AN INTRODUCTION TO THE THEORY OF PRIVATIZATION
19
B. The Concept Of Privatization
20
1. Narrow Meaning of Privatization: Denationalization
20
a. Timing and Planning of the Denationalization Process
21
2. Broad Meaning of Privatization
25
c. Deregulation and Decontrol
30
g. Management Contract
35
j. Build-Operate-Transfer (BOT) System
42
k. Delivery by Non-Profit Organizations
43
II. INTELLECTUAL ORIGINS OF PRIVATIZATION
47
B. Adam Smith's View On Privatization
48
C. Contemporary Economic Thoughts and Privatization
50
B. The Objectives Of Privatization
63
IV. A NORMATIVE ANALYSIS OF PRIVATIZATION: WHICH PUBLIC GOODS SHOULD BE PUBLIC/PRIVATE?
71
B. Background For The Theory Of Public Goods
71
C. Alternative Delivery Methods Of Public Goods
78
V. REGULATION AND CONTROL VS. DEREGULATION AND DECONTROL
83
B. The Concepts Of Regulation/ Deregulation And Control/ Decontrol
83
C. The Rationale For Regulation and Control
83
D. The Costs Of Regulation and Control
85
PART TWOTHE TURKISH EXPERIENCE OF PRIVATIZATION
VI. TURKEY: FROM INWARD-ORIENTED ETATISM TO OUTWARD-LOOKING LIBERAL STRATEGY
97
B. The History Of Economic Development
97
1. January 24, 1980 Measures
109
2. Major Free Policies Implemented in the Post 1980 Era
110
a. Privatization and Deregulation
111
b. Deregulation in Banking
113
c. Foreign Exchange Policy
114
d. Foreign Trade Policy
115
e. Foreign Investment Policy
116
VII. PUBLIC ECONOMIC ENTERPRISES IN TURKEY
121
B. Institutional Framework Of Public Economic Enterprises
121
C. The Main Problems With The PEEs
124
VIII. THE PRIVATIZATION OF PUBLIC ECONOMIC ENTERPRISES IN TURKEY
133
B. Privatization Policy
133
2. Origins of the Turkish Privatization Program
134
3. Legal-Institutional Framework
136
4. Privatization Procedure in Turkey
138
5. Privatization Methods
141
6. Value Assesment and Tender Methods
141
6. Implementation: 1985-2004
143
7. Barriers and the Generic Issues
147
a. Pre-Privatization Issues
148
b. Issues at the Privatization Process
149
c. Post-Privatization Issues
149