------------------------------------------- privatization of state-owned assets |-- the US --> deregulation |-- Britain --> regulation ------------------------------------------- . In the United States, where there was less direct government involvement in the productive economy - the shift from public to private mainly took the form of reducing government regulation of activities such as air transport [deregulation] . In Britain, privatization of state-owned monopolies such as the gas, electricity, and water industries was accomplished by increased government regulation to protect consumers. Reduced public ownership led to increased public regulation [regulation] . Korean Korail should be privatized? If privatization of Korail is needed, should we increase regulations to protect consumers?
Posted on: Sat, 19 Oct 2013 06:25:23 +0000
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