Public Utilities Term Paper Example | Topics and Well Written Essays - 500 words

Public Utilities - Term Paper Example listically behaved sector to a private owned and liberalized one since the 1980s with the privatization of British Telecom and the introduction of competition in the US long distance services (Wallsten, 2001). Based on the theoretical perspectives on privatization, it has been argued that the privatization of telecommunication sector will result in increasing the sector’s efficiency and overall performance. The empirical studies show the results varying in different countries. Given this background, this essay critically evaluates the privatization process of telecommunications all over the world and its impact. This essay is organized as follows. Section 2 discusses the privatization process of telecommunication sector all over the world. Section 3 discusses the theoretical arguments behind privatization. Section 4 discusses the empirical studies son the telecommunications privatization. Section 5 discusses the country experiences in this regard. Section 6 concludes the essay. Due to the importance of telecommunications sector as a vital part of the national infrastructure in each country, the policy makers in this sector are supposed to ensure the availability of telephone to all upon demand, accessibility to the basic services to all people at affordable prices as well as to protect and defend a country’s security interests (Maitra, 2006). Moreover, being a technology intensive sector, the policy makers need to ensure that the country is making use of the most advanced technology in this sector to make use of all the available opportunities in the technology field. The three main challenges in this sector in front of the policy makers in the 1950s and the 1960s in all countries were the fast technological change, the poor performance of the state owned sector including long waiting times for accessing services and limited financial resources for availing new technologies that facilitate the growth in this sector (Maitra, 2006). Consequently, the three