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Since 1980s deregulation and contracting out of governmental functions, services and responsibilities have reverberated around the world under the impact and influence of liberalization, privatization and globalization (LPG). The shift of power from the public to the private sector has profound implications for public law. There has been a shift in the perceived role of Government from acting as the principal vehicle for socio-economic development to guiding and facilitating that development. What we see is not that total retreat of the State, but rather the substitution of one form of involvement by the state in the economy for another.

The book deals with legal and policy issues underpinning the development and strengthening of the regulatory and institutional framework for better governance. Main thrust of book is to study and analyze the changes introduced under the impact of liberalization, privatization and globalization on the system and sub-systems of governance from the perspective of economy, efficiency, effectiveness, ethics and equity. The book is useful to legal professionals, administrators, academicians, researchers and students.