Abstract
Privatisation was to be the key to creating a healthy economy with competent companies that provide jobs for people and pay taxes, rather than being dependent upon state policies and subsidies. Just a few years into the transition to a market-economy, however, Hungarians have discovered that private ownership does not necessarily mean efficiency, and that the argument of additional investment is also questionable. The process of water privatisation well illustrates the pitfalls of privatisation.
Cite as: Boda, Zsolt, and Gábor Scheiring. 2006. "Water Privatisation in the Context of Transition." in Beyond the market: The future of public services (Public Services Yearbook), edited by Daniel Chávez. Amsterdam, Montevideo: Transnational Institute.