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This overview paper gives a bird's eye view of privatization and deregulation in the ASEAN economies. It begins by reviewing the raison d'être for the proliferation of state-owned enterprises in the region. The case for privatization in A SEA N is presented, followed by a discussion of the privatization efforts thus far undertaken and the results hitherto attained. The problems of privatization in ASEAN such as management resistance, trade union objections, the limited aborptive capacity of the region capital markets and the impact on income and wealth distribution are also examined. [ABSTRACT FROM AUTHOR]