ABSTRACT
This chapter aims at providing an overview of the whole range of issues relevant to an analysis of the monitoring and regulatory aspects of privatization. It is planned, deliberately, to cover the monitoring aspects extensively, while, on the regulatory aspects it is limited to certain observations highlighting the unique situation of the developing countries. (The chapter by George Yarrow constitutes a complementary paper focused on the regulatory aspects.)
The chapter is in two parts-the first on monitoring and the second on regulation. The first section deals with the concept of monitoring privatization, as employed in this paper. The second lays out a taxonomy of the dimensions of monitoring. The third section analyses the substance of monitoring during privatization and the fourth deals with monitoring postprivatization. The fifth section brings out the special considerations relevant to monitoring in developing countries. The sixth and the seventh sections, which overlap somewhat, are concerned, respectively, with the techniques of monitoring and the agencies for monitoring. The eighth section presents a brief conclusion.
