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2.1 Why Privatize at All?
2.2 What makes Public Utilities Special?
3 What are the Economic Effects of Privatization?
3.1 Effect on the Industry: Efficiency Gains
3.2 Overall Effect on GDP
3.3 Fiscal Effect: Proceeds from Privatization
3.7 Labor and Employment
3.8 Income Distribution
4 Why the Opposition to Privatization of Public Utilities?
5 How Can We Improve the Privatization Process?
5.1 Improvements that Provide Economic Gains
5.2 Reforms to Address Inequality and the Poor
Lump Sum Redistribution and Taxation
Universal Service Clauses
5.3 Timing and Regulation: the Ukraine Case
5.4 Sequencing of Reforms
5.5 Corporate Governance
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