Privatization And Restructuring In Central And Eastern Europe

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Privatization and Restructuring in Central and Eastern Europe

Robert E. Anderson,Simeon Dejankov,Gerhard Pohl
Privatization and Restructuring in Central and Eastern Europe Book PDF

Author : Robert E. Anderson,Simeon Dejankov,Gerhard Pohl
Publisher : Unknown
Page : 128 pages
File Size : 55,5 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:931683443

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Privatization and Restructuring in Central and Eastern Europe by Robert E. Anderson,Simeon Dejankov,Gerhard Pohl Pdf

One of the most important policy questions in the transition economies is what governments can do to speed the restructuring of firms and thus hasten the transition to a mature market economy. The authors report on a study that provides some answers. Privatization encourages restructuring if it is rapid and comprehensive and leads to concentrated ownership. Privatization also promotes restructuring because privatized firms are more likely than state-owned enterprises to exercise wage restraint--and wage restraint is vital to free up the necessary internal finance. But policies that increase bank lending to firms, such as debt forgiveness and recapitalization, may do more harm than good. The safest course is to recapitalize banks only as part of privatization and to encourage negotiations for financial restructuring only after the banks are privatized.

Restructuring and Privatization in Central Eastern Europe

Saul Estrin,Joseph C. Brada,Alan Gelb,Inderjit Singh
Restructuring and Privatization in Central Eastern Europe Book PDF

Author : Saul Estrin,Joseph C. Brada,Alan Gelb,Inderjit Singh
Publisher : Routledge
Page : 445 pages
File Size : 51,9 Mb
Release : 2020-11-30
Category : Business & Economics
ISBN : 9781315481791

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Restructuring and Privatization in Central Eastern Europe by Saul Estrin,Joseph C. Brada,Alan Gelb,Inderjit Singh Pdf

This volume presents cases from a World Bank study of state-owned industrial firms in Poland, Hungary and the Czech and Slovak republics. Topics that are covered include: structure of the industry; history of the firm; and product mix and sales pattern.

Privatization and Restructuring in Central and Eastern Europe

Gerhard Pohl,Robert E. Anderson,Stijn Claessens,Simeon Djankov
Privatization and Restructuring in Central and Eastern Europe Book PDF

Author : Gerhard Pohl,Robert E. Anderson,Stijn Claessens,Simeon Djankov
Publisher : Unknown
Page : 0 pages
File Size : 50,7 Mb
Release : 1998
Category : Electronic
ISBN : OCLC:1375396245

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Privatization and Restructuring in Central and Eastern Europe by Gerhard Pohl,Robert E. Anderson,Stijn Claessens,Simeon Djankov Pdf

In this paper, we analyze financial and operating data (1992 to 1995) for more than 6,300 industrial firms in seven countries of the region: Bulgaria, Czech Republic, Hungary, Poland, Romania, Slovak Republic and Slovenia. These countries have adopted different policies to encourage enterprise restructuring; thus the data can suggest which policies have been the most successful. Fast privatization is instrumental in encouraging restructuring. On average, a firm that has been privatized for four years will increase its productivity 3-5 times more than a similar firm that is still in state ownership. Less important is the method of privatization. Although case-by-case privatization might result in more foreign ownership, investment, and technical assistance, it is slower to implement and does not necessarily bring more rapid restructuring. This is fortunate because such assistance is likely to be available for only a few firms even in those countries that emphasize case-by-case privatization.

Privatization and Restructuring in Central and Eastern Europe

Gerhard Pohl
Privatization and Restructuring in Central and Eastern Europe Book PDF

Author : Gerhard Pohl
Publisher : World Bank Publications
Page : 48 pages
File Size : 47,7 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 0821339753

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Privatization and Restructuring in Central and Eastern Europe by Gerhard Pohl Pdf

Why do women in most developing countries lag behind men in literacy? Why do women get less schooling than men? This anthology examines the educational decisions that deprive women of an equal education. It assembles the most up-to-date data, organized by region. Each paper links the data with other measures of economic and social development. This approach helps explain the effects different levels of education have on womens' fertility, mortality rates, life expectancy, and income. Also described are the effects of women's education on family welfare. The authors look at family size and women's labor status and earnings. They examine child and maternal health, as well as investments in children's education. Their investigation demonstrates that women with a better education enjoy greater economic growth and provide a more nurturing family life. It suggests that when a country denies women an equal education, the nation's welfare suffers. Current strategies used to improve schooling for girls and women are examined in detail. The authors suggest an ambitious agenda for educating women. It seeks to close the gender gap by the next century. Published for The World Bank by The Johns Hopkins University Press.

Privatization in Central and Eastern Europe

June G. Hopps,Demetrius S. Iatridis
Privatization in Central and Eastern Europe Book PDF

Author : June G. Hopps,Demetrius S. Iatridis
Publisher : Bloomsbury Publishing USA
Page : 224 pages
File Size : 42,8 Mb
Release : 1998-08-27
Category : Education
ISBN : 9780313022258

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Privatization in Central and Eastern Europe by June G. Hopps,Demetrius S. Iatridis Pdf

Central and Eastern European countries are facing the transition from central to market systems with different strategies and capacities. As the task of societal transformation is without precedent in world history, the massive economic restructuring has revealed the need for distributive justice and general well-being. As the editors and contributors to this volume point out, the monolithic preoccupation with economic restructuring in a market economics framework is implemented at the expense of social protection and security. In contrast to traditional views of privatization as only an economic or managerial phenomenon, this collection approaches privatization as a broader integrated process of societal transformation. Privatization as defined here consists of integrated processes of societal restructuring that affect sociopolitical, economic, and ideological constructs as well as human and physical capital development, transformation of family structures, market stabilization, and organization of social care. Public policymakers as well as scholars and researchers of contemporary Eastern Europe will find this collection of great interest, and an important challenge to the economic models of privatization which undervalue social costs.

Going to Market

Manuel Hinds,Gerhard Pohl
Going to Market Book PDF

Author : Manuel Hinds,Gerhard Pohl
Publisher : World Bank Publications
Page : 27 pages
File Size : 53,5 Mb
Release : 1991
Category : Post-communism
ISBN : 8210379456XXX

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Going to Market by Manuel Hinds,Gerhard Pohl Pdf

Insights into the major task of privatization facing Eastern European countries: about the key decisions to be made and about such important issues as whether to sell state enterprises or give them away (and to whom and in what sequence).

The Transition in Eastern Europe, Volume 2

Olivier Jean Blanchard,Kenneth A. Froot,Jeffrey D. Sachs
The Transition in Eastern Europe Volume 2 Book PDF

Author : Olivier Jean Blanchard,Kenneth A. Froot,Jeffrey D. Sachs
Publisher : University of Chicago Press
Page : 388 pages
File Size : 44,9 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226056821

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The Transition in Eastern Europe, Volume 2 by Olivier Jean Blanchard,Kenneth A. Froot,Jeffrey D. Sachs Pdf

When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store. Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition. Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process. These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe.

The Politics of Greed

Andrew Harrison Schwartz
The Politics of Greed Book PDF

Author : Andrew Harrison Schwartz
Publisher : Rowman & Littlefield Publishers
Page : 379 pages
File Size : 45,9 Mb
Release : 2006-10-12
Category : History
ISBN : 9781461645153

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The Politics of Greed by Andrew Harrison Schwartz Pdf

With the dissolution of the Soviet Empire, it seemed that market capitalism had triumphed and that democracy might replace authoritarian regimes. Economic reformers in the former Eastern Bloc rushed to liberalize prices and transfer state assets to private hands. They assumed that private owners in a market setting would have no choice but to behave rationally—that is, to invest in restructuring privatized enterprises so as to maximize profits. They also assumed that these owners would perceive a stable institutional environment as conducive to economic success and thus become a powerful lobby in favor of the rule of law, paving the way for democracy. The post-communist reality turned out to be very different. Private owners found that in a weak state with limited laws and regulations and ineffective corporate governance structures, it was more lucrative to steal enterprise assets and exploit opportunities for arbitrage than to restructure enterprises. The lesson learned is that not all forms of private ownership are the same. As this book's in-depth political history of privatization in Central and Eastern Europe demonstrates, the way that assets are privatized matters, both with respect to national economic performance and the successful development of the rule of law. Andrew Harrison Schwartz had unprecedented access to high-level Czech government officials during the Czech Republic's privatization process. This book is the result of the unique insights he gained and the innovative analytical framework he subsequently developed—ownership regime theory—which for the first time places ownership structures at the center of political transition analysis. Engaging and important, The Politics of Greed applies ownership regime theory to a broad range of post-communist privatization cases, including those of the Czech Republic, Poland, Hungary, Russia, and Ukraine.

Privatization and Economic Performance in Central and Eastern Europe

European Association for Comparative Economic Studies
Privatization and Economic Performance in Central and Eastern Europe Book PDF

Author : European Association for Comparative Economic Studies
Publisher : Unknown
Page : 424 pages
File Size : 48,7 Mb
Release : 1999
Category : Business & Economics
ISBN : STANFORD:36105023662195

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Privatization and Economic Performance in Central and Eastern Europe by European Association for Comparative Economic Studies Pdf

Provides analysis of the impact of privatization on the economic performance of companies in Central and Eastern Europe. After considering theoretical issues, contributors provide an in-depth examination of corporate governance and company performance in advanced market and transition economies. A statistical and econometric analysis of extensive company-level data and interviews from a large number of firms between 1990 and 1997 is conducted to discover major factors in changing economic performance. The editor is affiliated with the Hungarian Academy of Sciences. Annotation copyrighted by Book News, Inc., Portland, OR

Privatizing Eastern Europe

J.M. Van Brabant
Privatizing Eastern Europe Book PDF

Author : J.M. Van Brabant
Publisher : Springer Science & Business Media
Page : 343 pages
File Size : 42,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401128346

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Privatizing Eastern Europe by J.M. Van Brabant Pdf

This volume is meant to be a modest contribution to the ongoing debate about the transitions away from the administrative planning environment typical of the former communist regimes. The central subject matter is a fairly special one, namely the privatization of these economies together with the restoration and effective monitoring of property rights. These are paramount tasks of the ongoing transformations once progress toward pOlitical democracy is secured. Though I would not allot divestment of existing state-owned assets the kind of pivotal importance that some observers reserve for it, changing rules on the utilization of these assets is evidently at the core of what the transition toward market-based economic systems should be all about. Rather than examining the entire range of issues that surround the controvery on privatization, this volume is primarily concerned with the economics of taking the state out of the decision making about existing assets. Among the several aspects of this discussion three stand out. One is the establishment of clear property rights. This is fundamental to minimize trans action costs in an environment where decisions will increasingly be taken by independent economic agents acting on their own account. Second, I look only incidentally at the various angles of creating capital markets, particularly for existing assets, in these economies.

Privatization and Entrepreneurship

Arieh A. Ullmann,Alfred Lewis
Privatization and Entrepreneurship Book PDF

Author : Arieh A. Ullmann,Alfred Lewis
Publisher : Psychology Press
Page : 410 pages
File Size : 50,5 Mb
Release : 1997
Category : Management
ISBN : 1560249722

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Privatization and Entrepreneurship by Arieh A. Ullmann,Alfred Lewis Pdf

Privatization and Entrepreneurship: The Managerial Challenge in Central and Eastern Europe analyzes the challenges faced by managers in the transforming economies of Central and Eastern Europe and provides penetrating insights into the details of managing in the former socialist countries. This collection's combination of conceptual/theoretical material with empirical, firsthand case analysis prepares Western managers for a more profitable and less stressful entry into these significant markets.This enlightening book highlights the complexity and breadth of the issues and problems of successfully entering new markets in Central and Eastern Europe. Along the way, you are introduced to such topics as consumer behavior and shown the different forms of foreign direct investment with their associated problems and benefits. If you are searching for ways to better prepare for business in these markets, this book can help you meet your objectives with its helpful information on: ethical concerns and linguistic difficulties of managing in transforming economies management challenges of privatization management challenges of entrepreneurship strategic issues associated with the reorientation of enterprises corporate constituencies, changing consumers, labor unions, and pay practicesPrivatization and Entrepreneurship will prove valuable to policymakers in economic development and foreign aid agencies, executives of companies planning to expand into Europe and those already active in the region, and academicians and students in management, economics, and political science.

Enterprise Restructuring and Foreign Investment in the Transforming East

Valdas Samonis
Enterprise Restructuring and Foreign Investment in the Transforming East Book PDF

Author : Valdas Samonis
Publisher : Psychology Press
Page : 238 pages
File Size : 52,7 Mb
Release : 1998
Category : Business & Economics
ISBN : 0789005336

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Enterprise Restructuring and Foreign Investment in the Transforming East by Valdas Samonis Pdf

Enterprise Restructuring and Foreign Investment in the Transforming East: The Impact of Privatization explores the dynamic interrelationships between enterprise restructuring and foreign investment in transition economies of postcommunist countries, especially those of Central and Eastern Europe (CEE). This important book offers investors and international businesses a continuum from theory to praxis as it discusses theoretical and methodological issues and empirical and practical implications of economic relationships to show how these interrelationships manifest themselves in prevailing trends, policy tradeoffs, and business strategies. Contending that the transformation to a state-owned enterprise to a capitalistic corporation involves more than reacting to economic incentives, Enterprise Restructuring and Foreign Investment in the Transforming East examines why enterprises need access to capital markets, finance investments, and acquire new capabilities in order to successfully compete in a market economy. Some of the strategies you will find that relate to common elements of the restructuring process include: a shift to a less hierarchal organization structure the adoption of Western financial management and accounting practices the introduction of stricter budget constraints the evolution of the marketing function and the rationalization of product ranges according to market needs Informative and intelligent, this book offers you a firsthand look at the complex and critical topic of restructuring as it relates to the realization of benefits of privatization at both the micro and macro levels. Using a case study approach, Enterprise Restructuring and Foreign Investment in the Transforming East gives you in-depth knowledge of the actual empirical/practical processes as they have been experienced in transition economies.

Privatization in Eastern Europe

Roman Frydman,Andrzej Rapaczynski
Privatization in Eastern Europe Book PDF

Author : Roman Frydman,Andrzej Rapaczynski
Publisher : Central European University Press
Page : 239 pages
File Size : 41,9 Mb
Release : 1994-01-01
Category : Business & Economics
ISBN : 9789633864913

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Privatization in Eastern Europe by Roman Frydman,Andrzej Rapaczynski Pdf

In Eastern Europe privatization is now a mass phenomenon. The authors propose a model of it by means of an illustration from the example of Poland, which envisages the free provision of shares in formerly public undertakings to employees and consumers, and the provision of corporate finance from foreign intermediaries. One danger that emerges is that of bureaucratization. On the broader canvas, mass privatization implies the reform of the whole system, the creation of a suitable economic infrastructure for a market economy and the institutions of corporate governance. The authors point out the need for a delicate balance between evolution - which may be too slow - and design - which brings the risk of more government involvement than it is able to manage. A chapter originating as a European Bank working paper explores the banking implications of setting up a totally new financial sector with interlocking classes of assets. The economic effects merge into politics as the role of the state is investigated. Teachers and graduate students of public/private sector economies, East European affairs; advisers to bankers or commercial companies with Eastern European interests.

Agricultural Privatization, Land Reform and Farm Restructuring in Central and Eastern Europe

Anonim
Agricultural Privatization Land Reform and Farm Restructuring in Central and Eastern Europe Book PDF

Author : Anonim
Publisher : Routledge
Page : 374 pages
File Size : 55,7 Mb
Release : 2018-12-13
Category : Social Science
ISBN : 9780429833038

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Agricultural Privatization, Land Reform and Farm Restructuring in Central and Eastern Europe by Anonim Pdf

First published in 1997 in the wake of the fall of the Soviet Union and its agricultural policies, these editors presented a series of ten related articles on the transition to post-communist, more privatised agricultural policies, each specialising in a specific region of Central and Eastern Europe. Resulting from a research network, this volume features a range of contributors, including those preparing PhDs, former governmental advisors and specialists in agricultural economics, food policy and statistics. The chapters cover Albania, Bulgaria, the Czech Republic, Eastern Germany, Hungary, Romania, Slovakia, Solvenia, and the Former Soviet Union, along with a comparative analysis. The contributors focus on three key issues of reform: the collection of detailed data, the collection of information on factors influencing the progress and completion of reform and explaining the results of privatisation and land reform, with a particular emphasis on the first two elements. This volume is well-suited to policy makers, analysists and researchers.

Privatization in Eastern Europe

Iván Major
Privatization in Eastern Europe Book PDF

Author : Iván Major
Publisher : Edward Elgar Publishing
Page : 184 pages
File Size : 40,5 Mb
Release : 1993
Category : Business & Economics
ISBN : STANFORD:36105009656229

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Privatization in Eastern Europe by Iván Major Pdf

The task of turning the state-owned assets of the Eastern European countries over to private ownership is one of the most challenging of our time, both intellectually and in practical terms. Ivan Major's in-depth critique of the plans and programmes of the East European governments addresses the core issues of privatization from the perspective of both potential winners and losers. After discussing the analytical framework, he offers an assessment of the legacy of the command economy and includes individual country studies of Czechoslovakia, the former GDR, Hungary, Poland and the former Soviet Union. The following chapters look at the theoretical, political and economic underpinning as well as assessments of the initial results of East European privatizations. Dr Major argues that the whole network of political regulation must be dismantled if an efficient market economy is to emerge. Privatization in Eastern Europe offers a critical analysis of the movement towards privatization in Eastern Europe as well as an authoritative assessment of the existing literature. This book will be welcomed by scholars and policymakers as an important source of analysis, argument and information.