Summary: This summary of Bureaucrats in Business is an expanded version of the overview that opens the report itself (no. 15037). Like the overview, it discusses the main findings of the report, summarizes data and analytical approaches, and presents key figures and tables from the main text. The book draws on extensive data and detailed case studies to show how divestiture and other reforms can improve economic performance, why politics often impede reform, and how reforming countries have overcome these obstacles. It compares policies for state-owned enterprises in twelve countries and documents the importance of three contract types for reforms: performance contracts, management contracts, and regulatory contracts. Finally, the book presents detailed recommendations for the reform of state-owned enterprises.
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