Privatization In Transition Countries Lessons From The First Decade
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Privatization In Transition Countries Lessons From The First Decade
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Author : Oleh Havrylyshyn
language : en
Publisher: International Monetary Fund
Release Date : 1999-09-06
Privatization In Transition Countries Lessons From The First Decade written by Oleh Havrylyshyn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-09-06 with Privatisierung categories.
The authors' view is that any privatisation is better than none, regardless of whether a stable, competitive environment has been established first. However, private companies started from scratch perform best, followed by newly privatised firms run by outsiders, either local or foreign. Privatised companies dominated by insiders do less well, but even they regularly outperform state enterprises. Without an appropriate market environment though, managers may spend more time lobbying the government for support than undertaking painful restructuring measures.
Privatization In Transition Countries Lessons Of The First Decade
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Author : Oleh Havrylyshyn
language : cs
Publisher:
Release Date : 2004
Privatization In Transition Countries Lessons Of The First Decade written by Oleh Havrylyshyn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Privatization In Transition Countries Lessons From The First Decade
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Author :
language : en
Publisher:
Release Date : 1999
Privatization In Transition Countries Lessons From The First Decade written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Privatization categories.
A decade ago, with the breakup of the Soviet Union and the start of market-oriented reforms in many former socialist economies of Central andEastern Europe, the prospect of privatizing inefficient state-ownedcompanies figured prominently in both popular and academic writings. As the headline event symbolizing change from central planning to capitalism, privatization seemed to promise an end to the inefficienciesof central planning - the key to freeing the resources and talents of this huge area and lifting its living standards to those of the industrial countries. What broad lessons were learned from the experienceof the past ten years? Along with their successes, prominent failureshave also marked this recent history, especially in Russia and in othercountries of the former Soviet Union. The overall task ahead thus remains vast if the original vision of greater freedom and higher livingstandards is to be realized.
Privatization In Transition Countries
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Author : Havrylyshyn, Oli
language : cs
Publisher:
Release Date : 2004-01
Privatization In Transition Countries written by Havrylyshyn, Oli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01 with categories.
Privatization In Transition Countries
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Author : Mr.Oleh Havrylyshyn
language : en
Publisher: International Monetary Fund
Release Date : 1999-01-01
Privatization In Transition Countries written by Mr.Oleh Havrylyshyn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-01 with Business & Economics categories.
This paper reviews a selection of studies on privatization experiences in transition countries. Empirical studies almost invariably show privatized enterprises outperform state enterprises. Moreover, the literature identifies de novo firms as being clearly the best performers, followed by outsider-dominated firms, while insider-dominated firms are the least efficient among those newly privatized. The importance of de novo firms in enlarging the private sector in transition economies is reviewed, along with the question of whether privatization efforts support or hinder de novo private sector development. Finally, the paper discusses the importance of providing a suitable market environment for successful private-sector development.
Privatization In Transition Economies
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Author : Ira W. Lieberman
language : en
Publisher: Elsevier
Release Date : 2008
Privatization In Transition Economies written by Ira W. Lieberman and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
Annotation.
Transition
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Author : Mario I. Bléjer
language : en
Publisher:
Release Date : 2001
Transition written by Mario I. Bléjer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
A comparative analysis of eleven transition economies. The former socialist countries' transition to market economies is one of the momentous transformations in modern history. The pace and degree of success have varied widely, and there is increasing divergence in performance, structure, and institutions among the transition economies. These differences are largely determined by country-specific conditions and political configurations. This book compares the experiences of the countries involved over the first ten years to determine what has worked and failed, as well as the nature of the challenges that lie ahead.After two overviews of the transition process to date, the book presents eleven specific country cases: the reunification of East and West Germany; the most successful transition countries, Poland, Hungary, the Czech Republic, Croatia, and Slovenia; the less successful experience of countries in the former Soviet Union, namely, Russia, Belarus, and Ukraine; and the dissimilar developments in two major Balkan countries, Bulgaria and Romania. The final section summarizes the policy lessons of the different experiences. The contributors, who include ministers, government officials, academics, and leaders of international monetary institutions, stress the need for greater emphasis on institutional building and on the enforcement of contracts.
Privatization
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Author : John R. Nellis
language : en
Publisher: World Bank Publications
Release Date : 1992-01-01
Privatization written by John R. Nellis and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-01-01 with Business & Economics categories.
Governance, as defined by the World Bank in its 1992 report, Governance and Development, is the manner in which power is exercised in the management of a country's economic and social resources for development. The report deemed it is within the Bank's mandate to focus on the following: -the process by which authority is exercised in the management of a country's economic and social resources -the capacity of governments to design, formulate, and implement policies and discharge functions. Also available: Governance: The World Bank's Experience (ISBN 0-8213-2804-2) Stock No. 12804.
Financial Innovations And The Welfare Of Nations
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Author : Laurent L. Jacque
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Financial Innovations And The Welfare Of Nations written by Laurent L. Jacque and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The central question addressed in Financial Innovations and the Welfare of Nations is how the transfer of financial innovations from developed to developing economies can nurture the dynamics of emerging capital markets. National capital markets can be positioned along a continuum ranging from embryonic to mature and emerged markets according to a decreasing "national cost of capital" criterion. In the introductory chapter Laurent Jacque argues that newly emerging countries are handicapped by a high cost of capital due to "incomplete" and inefficient financial markets. As capital markets graduate to higher level of "emergedness", their national firms avail themselves of a lower cost of capital that makes them more competitive in the global economy and spurs economic growth. Skillful transfer of financial innovations to emerging markets often encourages the deregulation of the country's financial services sector. This results into new conduits for a more efficient capital allocation process such as commercial paper, securitized consumer finance and other disintermediated modes of financing which out-compete traditional financial intermediaries (mostly commercial banks), reduce households' cost of living and conjointly fuel the dynamics of emerging markets. Our response to the central question of how the transfer of financial innovations can enhance the Wealth of Nations is to show that it reduces the cost of capital while not unduly increasing systemic risk. Part I examines the relationship between financial innovations and systemic risk of the international financial system.
La Privatisation Dans Les Pays En Transition
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Author : Oli Havrylyshyn
language : fr
Publisher:
Release Date : 2000-03-09
La Privatisation Dans Les Pays En Transition written by Oli Havrylyshyn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-03-09 with Privatization categories.
A decade ago, with the breakup of the Soviet Union and the start of market-oriented reforms in many former socialist economies of Central and Eastern Europe, the prospect of privatizing inefficient state-owned companies figured prominently in both popular and academic writings. As the headline event symbolizing change from central planning to capitalism, privatization seemed to promise an end to the inefficiencies of central planning - the key to freeing the resources and talents of this huge area and lifting its living standards to those of the industrial countries. What broad lessons were learned from the experience of the past ten year? Along with their successes, prominent failures have also marked this recent history, especially in Russia and in other countries of the former Soviet Union. the overall task ahead thus remains vast if the original vision of greater freedom and higher living standards is to be realized.