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Essay / Research Paper Abstract
This 50 page paper considers whether the privatisation of the Ports in the UK has been a success. The paper begins by identifying the goals of privatisation by looking at the political background to the policies origins in 1970’s and 1980’s. In order to judge the relative level of success, the meeting of targets is one method, but there also should be comparison with other privatised industries and privatised ports in other countries. The paper conducts an extensive literature review which identifies the theories and manifestations of the differing motivations and drivers and examines any causal links between the assumptions and the reality of privatised companies and the perception. These are then applied to the case of the Ports in the UK. The bibliography cites 60 sources.
Page Count:
50 pages (~225 words per page)
File: TS14_TEportsUK.rtf
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Unformatted sample text from the term paper:
of privatisation by looking at the political background to the policies origins in 1970s and 1980s. In order to judge the relative level of success, the meeting of targets is
one method, but there also should be comparison with other privatised industries and privatised ports in other countries. The paper conducts an extensive literature review which identifies the theories and
manifestations of the differing motivations and drivers and examines any causal links between the assumptions and the reality of privatised companies and the perception. These are then applied to the
case of the Ports in the UK. Table of Contents 1. Introduction 2 2. Literature Review 4 2.1. The Contemporary Context 6 2.2 The Development of Privatisation in the UK 9 2.2.1 The
Political Drivers 9 2.2.2 Economic and Performance Drivers for Privatisation 13 2.2.3 Monopoly Problems 19 2.3 The Results of Privatisation 23 2.3.1 Reducing Manpower 24 2.3.2 Union Membership 26 2.3.3 Productivity 28 2.3.4 Macroeconomic impact 31 2.4 The Impact on Industries Other than the UK Ports 34
2.4.1 Other Industries in the UK 34 2.4.2 Ports in Other Countries 37 2.5 Corporate Governance 41 2.5.1 Shareholder Wealth Maximisation 42 2.5.2 Corporate Wealth Maximisation 44 3. Method 48 4. Results 49 6. Conclusion 53 Bibliography 54 1. Introduction One of the key political policies of
the 1980s has been the privatisation of many publicly owned companies. There have been many reasons propagated by various stakeholders such as investment, better abilities for the organisations to compete
and develop for the customers as well as relieving government of a potential liability. Much attention has been paid to the privatisation that had a high profile, British Telecom and
British Gas have been the subject of many studies, as have many of the utility companies. However, there has been little attention paid to the privatisation of the Ports. Therefore,
the paper will undertaken an extensive literature review to make use of other studies in related areas so that the relevant lessons can be applied. In addition to this there
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