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PrivatizationNOMOS LX$
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Jack Knight and Melissa Schwartzberg

Print publication date: 2018

Print ISBN-13: 9781479842933

Published to NYU Press Scholarship Online: September 2019

DOI: 10.18574/nyu/9781479842933.001.0001

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Privatization as State Transformation

Privatization as State Transformation

(p.171) 7 Privatization as State Transformation

Henry Farrell

NYU Press

This chapter argues that rather than constraining the state, replacing political inefficiencies with market competition, privatization has transformed the nature of state control to emphasize regulatory power. Rather than ushering in deregulation, as many anticipated, the author demonstrates that privatization has in fact increased states’ reliance on regulation. Such reliance has in turn produced far-reaching changes in the interactions among markets, states, and international regulatory processes.

Keywords:   Privatization, Regulation, State, Deregulation, Market competition

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