Using Korean and UK ports as comparative case studies, this volume provides a systematic and pragmatic analytical framework to assess the process and results of privatization in the context of ports and terminals. It develops a new economic model to measure the efficiency of ports and to assess the policy implications.

Dong-Wook Song, Kevin Cullinane, Michael Roe

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.