This book brings together two of the ‘hottest issues’ in current management thinking: the impact of privatization on the performance and behaviour of the companies involved, and the increasingly important role of purchasing and supplier relationships. The notion that efficiency is improved with privatization is critically examined, as is the idea that privatized organizations have recognized the importance of the procurement role and developed both their procurement functions and supplier relationships so as to enhance competitiveness. Grounded in economic theory, and providing rich case study material, this volume makes a major contribution to an increasinly important area. It will be of interest to students and researchers in economics, business and management studies and specialist courses in procurement management.