In Both the Uk and the Us, the Prison System Is Being Increasingly Contracted Out to the Private Sector, Often Public Corporations. (the Largest of These Is the Corrections Corporation of America, a Nyse Listed Company.)

21th

 July

 2013

  Critical

 Management

 Thinking-­‐

 Final

 Assignment

  Question

 1

  Group

 E

  Kumar

 Akshay

  Matthijs

 Bolsius

  Ahmad

 Coucha

  Maximilian

 Czymoch

  Ines

 Grizi

  Luis

 Ramirez

  Andrea

 Tafelmaier

  à

 All

 members

 of

 our

 group

 contributed

 equally

 to

 this

 report.

In

 both

 the

 UK

 and

 the

 US,

 the

 prison

 system

 is

 being

 increasingly

 contracted

  out

  to

  the

  private

  sector,

  often

  public

  corporations.

  (The

  largest

  of

  these

  is

  the

  Corrections

  Corporation

  of

  America,

  a

  NYSE

  listed

  company.)

  Other

  countries

  are

  considering

  implementing

  this

  model.

  Explain

  in

  your

  view

  why,

 overall,

 this

 is

 a

 good

 or

 a

 bad

 model

 for

 countries

 to

 pursue.

  The

 following

 paper

 intends

 to

 analyze

 whether

 privatization

 of

 prisons

 is

 a

 good

  or

 a

 bad

 model

 to

 pursue,

 both

 from

 a

 theoretical

 framework

 as

 well

 as

 from

 the

  actual

  data

  from

  the

  countries

  that

  have

  adopted

  the

  model.

  There

  is

  research

  that

  speaks

  both

  in

  favor

  and

  against

  privatization,

  however

  the

  main

  scopes

  of

  the

  debate

 are:

 whether

 private

 sector

 will

 be

 more

 efficient

 and

 innovative;

 whether

  it

  will

  operate

  better

  or

  worse

  prisons;

  whether

  privatization

  may...