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. '...a very important reference for all governments and related agencies involved in privatisation processes of their respective economies and businesses. The book is recommended for serious reading by all connected to logistics and economics. It should also be found a place in libraries.' Logistics and Transport Focus 'This volume makes an original contribution to knowledge...the results of the research undoubtedly provide governments, port authorities and other interested parties with information and guidelines for implementing the policy of Port Privatisation.' Urban Railways