This work applies the theory and techniques of economic efficiency measurement to the realistic context of the ports industry. The objective is to assess the practical impact of port privatization policies upon the economic performance of the sector. Specifically, this volume presents Korea’s port and terminal development plans and systematically analyses not only the process and results of privatisation, but also the claims of its proponents that it leads directly to improved efficiency. The Korean experience is given global relevance by applying the same approach to Britain’s main container ports and terminals which, of course, are at a more advanced stage in the privatisation process. This work constitutes a unique contribution to the literature relating to shipping and ports, econometrics and the Korean economy and will be of primary interest to port authorities and practitioners, as well as to students of economics and/or the shipping industry.
Table of Contents
Contents: Introduction; An overview of the Korean national economy; The Korean port industry; Privatization theory and evidence; Port privatization: theory and practice; A theoretical framework for efficiency measurement; Productive efficiency of container terminals: an empirical investigation; Discussion, policy implications and conclusions; Bibliography; Appendices.
'...a very important reference for all governments and related agencies involved in privatisation processes of their respective economies and businesses. The book is recommended for serious reading by all connected to logistics and economics. It should also be found a place in libraries.' Logistics and Transport Focus 'This volume makes an original contribution to knowledge...the results of the research undoubtedly provide governments, port authorities and other interested parties with information and guidelines for implementing the policy of Port Privatisation.' Urban Railways