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Public Enterprise And Privatization In A New Century: Evolving Patterns Of Governance and Public Management

Author: ROGER WETTENHALL AND IAN THYNNE
Published in PFM, Vol. 2 No. 1

This article serves to introduce the symposium in three
interrelated ways. It begins by noting the genesis of the project and
acknowledging the need for caution in making predictions. It then
addresses several issues and concerns of historical, contemporary, and
likely future significance to public enterprise and privatization. These
include the advent and implications of new public management (NPM),
the extent to which privatization by way of divestment has won public
acceptance, the emerging modes and styles of governance, and the
changing role and capacity of the modern state. It ends by highlighting
the thrust of the discussions in the next five articles which provide
relevant perspectives of national, regional and global importance.

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