Privatization In Central And Eastern Europe

Author : Roman Frydman,Andrzej Rapaczynski
Publisher : Unknown
Page : 246 pages
File Size : 50,7 Mb
Release : 1994
Category : Business & Economics
ISBN : UCSC:32106018777877

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Privatization in Eastern Europe by Roman Frydman,Andrzej Rapaczynski Pdf

The creation of new economic and legal mechanisms to replace the fallen communist systems of Eastern Europe must surely count as one of the greatest organizational challenges of this century, and economists and politicians alike are constantly grappling with the enormity of the transformation to be achieved. In this volume, the authors give an in depth explanation of their now widely adopted approach to 'privatizing privatization' and chart the evolution of their thinking, particularly in reaction to real events and prevailing conditions. Expanding on the theme of transferring ownership to the private sector through a system of free vouchers and independent intermediaries, Professors Frydman and Rapaczynski address the dangers of bureaucratization and the delicate balance between the evolutionary elements and imposed regulations that must be achieved to make the transition a success. The perfect companion volume to The Privatization Process in Central Europe, this collection of essays provides a brilliant explanation of the most widely accepted theory of privatization in Eastern Europe today.

Author : June G. Hopps,Demetrius S. Iatridis
Publisher : Bloomsbury Publishing USA
Page : 224 pages
File Size : 44,5 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.

Author : Petar Sarcevic
Publisher : Aspen Publishers
Page : 239 pages
File Size : 44,6 Mb
Release : 1992-01-01
Category : Law
ISBN : 1853337137

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Privatization in Central and Eastern Europe by Petar Sarcevic Pdf

The large-scale efforts to privatize the economies of the former socialist countries of Central and Eastern Europe may constitute the major economic undertaking of the decade. This book focuses on the process of privatization taking place in these countries, in particular on the transfer of state or socially-owned enterprise to private hands. The seven eminent contributions from central and eastern Europe deal with the following and other questions: Should nationalized property be returned to its former owners or do they have the right to claim compensation? Should part of an enterprise's wealth accumulated under state ownership be distributed to the workers of that enterprise or even to all citizens of that country? Should the transformation from a state or socially-owned enterprise to a private enterprise occur gradually or is quick large-scale privatization more effective? Which company forms prevail in recently adopted legislation? How are state or socially-owned enterprises valued and sold? How can foreign investors participate in the privatization process?

Author : Manuel Hinds,Gerhard Pohl
Publisher : World Bank Publications
Page : 27 pages
File Size : 47,7 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).

Author : Erdener Kaynak,Alfred Lewis,Arieh A Ullmann
Publisher : Routledge
Page : 410 pages
File Size : 49,6 Mb
Release : 2018-12-07
Category : Business & Economics
ISBN : 9781135840198

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Privatization and Entrepreneurship by Erdener Kaynak,Alfred Lewis,Arieh A Ullmann 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 practices Privatization 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.

Author : J.M. Van Brabant
Publisher : Springer Science & Business Media
Page : 343 pages
File Size : 51,7 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.

Author : Roman Frydman,Andrzej Rapaczynski
Publisher : Central European University Press
Page : 239 pages
File Size : 55,9 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.

Author : H. Engerer
Publisher : Springer
Page : 320 pages
File Size : 44,9 Mb
Release : 2001-06-18
Category : Business & Economics
ISBN : 9780230523005

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Privatisation and Its Limits in Central and Eastern Europe by H. Engerer Pdf

Hella Engerer analyses the emergence, evolution and theory of property rights and establishes the limits for privatization of state owned enterprises in the transitional economies of Eastern Europe. She counters the assumption that reduction of the state sector helps to create the basis for a private property system, showing that privatization actually presupposes a stable framework including property order. She makes use of an outstanding methodological approach, reaching well beyond the limits of pure economic observation. This is a major contribution to the understanding of the emerging economic order of Central and Eastern Europe.

Author : Andrew Harrison Schwartz
Publisher : Rowman & Littlefield Publishers
Page : 379 pages
File Size : 44,8 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.

Author : László Csaba
Publisher : Dartmouth Publishing Company
Page : 328 pages
File Size : 52,7 Mb
Release : 1994
Category : Business & Economics
ISBN : UCSC:32106010482203

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Privatization, Liberalization, and Destruction by László Csaba Pdf

The volume is a selection of papers devoted to key issues of economic transformation; privatization, liberalization, the role of the financial sector and external economic relations. The interplay of these four areas of transition strategy forms the backbone of the collection.

Author : Hella Engerer
Publisher : Unknown
Page : 0 pages
File Size : 48,5 Mb
Release : 2001
Category : Electronic
ISBN : OCLC:1409455804

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Privatization and Its Limits in Central and Eastern Europe by Hella Engerer Pdf

Author : Mr.Eduardo Borensztein
Publisher : International Monetary Fund
Page : 28 pages
File Size : 40,6 Mb
Release : 1991-04-01
Category : Business & Economics
ISBN : 9781451977905

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Proposals for Privatization in Eastern Europe by Mr.Eduardo Borensztein Pdf

This paper discusses several proposals for a wholesale privatization of public enterprises in Eastern Europe. These proposals include the distribution of ”vouchers” to private citizens as well as the use of mutual funds, privatization companies and other forms of financial intermediaries. The paper analyzes the implications for economic efficiency of the different forms of ownership and control that would emerge from the proposals as well as their main macroeconomic consequences.

Author : European Association for Comparative Economic Studies
Publisher : Unknown
Page : 424 pages
File Size : 50,8 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

Author : Saul Estrin,Joseph C. Brada,Alan Gelb,Inderjit Singh
Publisher : Routledge
Page : 445 pages
File Size : 47,8 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.

Author : Mario Baldassarri,Luigi Paganetto,Edmund S. Phelps
Publisher : Springer
Page : 273 pages
File Size : 45,8 Mb
Release : 1993-12-15
Category : Business & Economics
ISBN : 9781349230907

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Privatization Processes in Eastern Europe by Mario Baldassarri,Luigi Paganetto,Edmund S. Phelps Pdf

Privatising firms and liberalizing their market environment generates in Eastern Europe a variety of problems, many of which are not common to the analogous attempts in industries countries. A first difference between the two experiences resides in establishing the value of the firm or of the assets that are being privatized. A second main difference concerns the lack of the record of market performance for the firm. The book explores these open questions through an overview of on-going and proposed processes in Section 1. In Section 2 theoretical foundations of privatization processes are proposed with respect to the financial market, industrial relations and foreign trade. A final key question is faced in Section 3: 'is there any alternative to privatization?'