This is due to the fact that there were already private sector companies with wide experience in those fields that were ready to bid on contracts. The authors also include statistics and results on privatization efforts in wastewater treatment, jails, and education. The jury is still out on whether or not privatization works. Monitoring of privatization efforts undertaken is essential. Deals should be structured with the public interest as an incentive-linked goal.
Public involvement keeps politicians more honest.
Examples of privatization efforts include public-private partnerships, which uses funds from both sectors to build or guarantee private infrastructure. Delays in securing financing can be an obstacle to the success of public-private partnerships, though. Partial privatization, or competitive bidding, has been one of the most widely praised endeavors so far. The results have been both lower costs and improved efficiency in the portion of the service still provided by the public sector, which feels threatened by the prospect of further privatization. Unions feel especially threatened by privatization.