ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Privatisation Cure or Curse

Privatisation: Option and Challenges edited by S R Mohnot; CIER, New Delhi; pp VIII + 418, Rs 240. OF late, privatisation has become a buzz word signifying a panacea for many economic problems, in particular relating to public enterprises. The expert prescriptions flowing in from the north press for taking the road to privatisation since economic redemption is only possible through glorification of the market, even though it may prove woefully inadequate for a society where large masses have to be brought to an acceptable standard of living. The protagonists of privatisation seek to discredit planning and state owner- ship altogether when this is not only unwarranted but harmful especially to the developing countries to whom development through private initiative based on market forces offers no solution to their specific problems. The present volume incorporates the papers representing the deliberations of a conference organised by the Centre for Industrial and Economic Research (CIER) in New Delhi in March 1991 in technical cooperation with the Inter-Regional Network on Privatisation, UNDP. The papers have focused on privatisation in the context of comparative advantage of the public and private enterprise models. The results of the workshop were sought in the Indian context even though references have been made to the international experiences The key concerns of the workshop were the issues involved in the choice of different enterprise models with special reference to socioeconomic goals, organisational situations and operational mechanisms.

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