The term managerialism refers to systems of governance that involve the operation of market principles in the management of organizations. It refers in particular to the prioritization of private (for-profit) sector values of efficiency and productivity in the regulation of public sector organizations on the assumption that these private sector values are superior to those traditionally found in public [Page 507]sector organizations. It gives primacy to management and endorses strong market-type accountability in public sector spending. The attainment of financial and other targets is a priority, and success in meeting targets is measured through public audits of the quality of service delivery. The development of quasi-markets for services is also a key goal; this operates as a further form of control through competition and public ...