Challenging the prevailing view of privatization, this book analyzes the state of privatization around the world and offers policy suggestions. It includes original material of an analytical, empirical, and case study nature on the theory and practice of privatization, its relationship with the globalization of capital, its political and ideological underpinnings, its political, social, and economic consequences around the world. Its originality, currency, and critical perspectives make it a unique source for a wide variety of audiences. The book's opening chapters deal with an extensive theoretical introduction followed by discussions on contracting out, public enterprise reform, and UN-led evaluations of contracting performance. In part two, the book turns to privatization and its flaws in major industrialized nations, including the United States, France, Germany, United Kingdom, and Australia. Part three analyzes privatization and its effects on policy and administration in Asian and Middle Eastern countries, including Post-revolutionary Iran, India, Singapore, Hong Kong-China, and Arab developing countries. Arguing that privatization is a poor policy with many dangers, the book offers suggestions for serious reform of public enterprise management and for alternatives to privatization.