Restructuring And Privatization In Central Eastern Europe
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Restructuring And Privatization In Central Eastern Europe
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Author : Saul Estrin
language : en
Publisher: Routledge
Release Date : 2020-11-30
Restructuring And Privatization In Central Eastern Europe written by Saul Estrin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-30 with Business & Economics categories.
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
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Author : Gerhard Pohl
language : en
Publisher:
Release Date : 1998
Privatization And Restructuring In Central And Eastern Europe written by Gerhard Pohl and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
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 In Central And Eastern Europe
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Author : June G. Hopps
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 1998-08-27
Privatization In Central And Eastern Europe written by June G. Hopps and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-08-27 with Education categories.
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.
Privatization And Restructuring In Central And Eastern Europe
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Author : Robert E. Anderson
language : en
Publisher:
Release Date : 2012
Privatization And Restructuring In Central And Eastern Europe written by Robert E. Anderson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
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.
Privatization And Restructuring In Central And Eastern Europe
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Author : Gerhard Pohl
language : en
Publisher: World Bank Publications
Release Date : 1997-01-01
Privatization And Restructuring In Central And Eastern Europe written by Gerhard Pohl 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 1997-01-01 with Business & Economics categories.
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.
Going To Market
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Author : Manuel Hinds
language : en
Publisher: World Bank Publications
Release Date : 1991
Going To Market written by Manuel Hinds 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 1991 with Post-communism categories.
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).
Enterprise Restructuring In Eastern Europe
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Author : Bernard M. Hoekman
language : en
Publisher:
Release Date : 1999
Enterprise Restructuring In Eastern Europe written by Bernard M. Hoekman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
March 1995 The Czech Republic, the Eastern European country that has pursued mass privatization most actively and credibly, has also done best in restructuring its industries and reorienting them toward world markets. Countries that pursued a gradualist approach -- Hungary being the main example -- have changed their export structure less but have also experienced above-average export growth. What kind of privatization program is best suited to stimulate enterprise restructuring in former centrally planned economies? One view, expressed by most Western business and political leaders, is that privatization is best pursued case by case, with emphasis on sales to new owners, including foreign investors. Another view, espoused by a minority of radical economists and economists-turned-politician, was that restructuring is best pursued through economic incentives, combined with mass privatization of state enterprises so that they become widely held (public) joint stock corporations. The ultimate test, of course, is future productivity growth and rising welfare standards. We cannot yet measure these. The disaggregated data on production and employment by industry required for such a measure either are not available or are unreliable. The only objective measure available -- comparable across countries -- is export performance. Trade data reveal to what extent firms have been able to reorient themselves to create and exploit competitive advantages. We now have four years of data, enough to get an idea of what is going on, and to compare one Central or Eastern European country's performance against another's. The data suggest that the Czech Republic, the country that has pursued mass privatization most actively and credibly, has also done best in restructuring its industries and reorienting them toward world markets. Those that pursued a gradualist approach -- Hungary being the main example -- have changed their export structure less, but export growth has also been above average. This paper -- a product of the Finance and Private Sector Development Division, Europe and Central Asia, and Middle East and North Africa Regions, Technical Department -- is part of a larger effort in the region to analyze progress and policy options in transition economies. The authors may be contacted at [email protected] or [email protected].
Privatization And Economic Performance In Central And Eastern Europe
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Author : European Association for Comparative Economic Studies
language : en
Publisher:
Release Date : 1999
Privatization And Economic Performance In Central And Eastern Europe written by European Association for Comparative Economic Studies and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
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
Restructuring Networks In Post Socialism
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Author : Gernot Grabher
language : en
Publisher: Clarendon Press
Release Date : 1997
Restructuring Networks In Post Socialism written by Gernot Grabher and has been published by Clarendon Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
This book is about change in Central and Eastern Europe, and about how we think about social and economic change more generally. In contrast to the dominant 'transition framework' that examines organizational forms in Eastern Europe according to the degree to which they conform to, or depart from, the blueprints of already existing capitalist systems, this book examines the innovative character, born of necessity, in which actors in the post-socialist setting are restructuring organizations and institutions by redefining and recombining resources. Instead of thinking of these recombinations as accidental aberrations, the book explores their evolutionary potentials. The starting premise of Restructuring Networks in Post-Socialist Societies is that the actual unit of entrepreneurship is not the isolated individual personality but the social network that links firms and the actors within them. Drawing insight from evolutionary economics and from the new methods of network analysis, leading sociologists, economists, and political scientists report on changes in organizational forms in Hungary, Poland, Eastern Germany, Russia, and the Czech Republic.
Enterprise Restructuring In Eastern Europe
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Author : Bernard Hoekman
language : en
Publisher:
Release Date : 2016
Enterprise Restructuring In Eastern Europe written by Bernard Hoekman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The Czech Republic, the Eastern European country that has pursued mass privatization most actively and credibly, has also done best in restructuring its industries and reorienting them toward world markets. Countries that pursued a gradualist approach - Hungary being the main example - have changed their export structure less but have also experienced above-average export growth.What kind of privatization program is best suited to stimulate enterprise restructuring in former centrally planned economies? One view, expressed by most Western business and political leaders, is that privatization is best pursued case by case, with emphasis on sales to new owners, including foreign investors.Another view, espoused by a minority of radical economists and economists-turned-politician, was that restructuring is best pursued through economic incentives, combined with mass privatization of state enterprises so that they become widely held (public) joint stock corporations.The ultimate test, of course, is future productivity growth and rising welfare standards. We cannot yet measure these. The disaggregated data on production and employment by industry required for such a measure either are not available or are unreliable.The only objective measure available - comparable across countries - is export performance. Trade data reveal to what extent firms have been able to reorient themselves to create and exploit competitive advantages. We now have four years of data, enough to get an idea of what is going on, and to compare one Central or Eastern European country's performance against another's.The data suggest that the Czech Republic, the country that has pursued mass privatization most actively and credibly, has also done best in restructuring its industries and reorienting them toward world markets. Those that pursued a gradualist approach - Hungary being the main example - have changed their export structure less, but export growth has also been above average.This paper - a product of the Finance and Private Sector Development Division, Europe and Central Asia, and Middle East and North Africa Regions, Technical Department - is part of a larger effort in the region to analyze progress and policy options in transition economies. The authors may be contacted at [email protected] or [email protected].