The book explores the contending perspective on the theory and practice as well as the concepts of liberalization, laissez faire, economic reforms, disinvetsment and their indispensability in the present global economic system. This book also seeks to chart a course to be followed and this shows author's capacity for critical examination and judgement and it makes some useful contribution to the debate on the relevant economic path which should be pursued in order to obtain maturity status both politically and economically. In analysing the Impact of Liberalization and Economic Reforms on Administration, the book highlights the suggestions that "privatization would be meaningful if the public sector undertakigs are fully exposed to competition by withdrawal of all government protection and patronage and making them sink or swim on their own strengths and insulating them from political greed." The book is written in a simple and lucid style without the use of jargons, making it an easy, interesteting and useful book for all those readers who care for time and want to use it fruitfully. Entrepreneurs, administrators, managers and students will find it useful.