The Privatization Process In East Central Europe
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The Privatization Process In East Central Europe
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Author : Michal Mejstrík
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Privatization Process In East Central Europe written by Michal Mejstrík 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.
It is beyond any doubt that East-Central European countries such as Czech Republic, Hungary, Poland and Slovakia has dramatically changed its shape through its radical transition from centrally planned to the market economies in last 7 years. Many economists divide the process of economic transformation into areas of Stabilization, Liberalization, and Privatization/Restructuring. The traditional view is that stabilization and liberalization can be achieved rather quickly-by balancing budgets, balance of payments, tightening money supply, freeing prices and liberalizing trade-but that the area of privatization is one that could be moved to the future and will require much more time. Until 1991, none of the post-communist nations except former East Germany (which had a large decree of support from West Germany) had succeeded in privatizing large numbers of enterprises, even though more than two years had passed since the changes in government in these nations. The privatization has been, however, seen as an extremely important part of reform package together with stabilization and liberalization especially in the Czech Republic from the very beginning. The Czechs originally as a part of the Czechoslovak Federal Republic embarked on an unprecedented path that should have lead not only to stabilization and liberalization, but also to very rapid, mass privatization of its sector of large enterprises that have dominated its economy to an extreme extent.
The Politics Of Greed
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Author : Andrew Harrison Schwartz
language : en
Publisher: Rowman & Littlefield Publishers
Release Date : 2006-10-12
The Politics Of Greed written by Andrew Harrison Schwartz and has been published by Rowman & Littlefield Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-10-12 with History categories.
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.
Transforming Economic Systems In East Central Europe
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Author : Roland Schönfeld
language : en
Publisher:
Release Date : 1993
Transforming Economic Systems In East Central Europe written by Roland Schönfeld and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Europe, Eastern categories.
Privatization In Eastern And Central Europe
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Author : Farid Dhanji
language : en
Publisher: World Bank Publications
Release Date : 1991
Privatization In Eastern And Central Europe written by Farid Dhanji 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 Europe, Eastern categories.
The privatization process must be seen as transparent and absolutely above reproach and the rules of the "market" game must be clearly enunciated and adhered to in divestitures. Improvements in economic performance will be considerably diluted if the new market economy is based on an extensive network of special privileges.
Privatization In Eastern And Central Europe
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Author : Guillermo de la Dehesa
language : en
Publisher:
Release Date : 1991
Privatization In Eastern And Central Europe written by Guillermo de la Dehesa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
Privatization In Eastern Europe
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Author : Roman Frydman
language : en
Publisher:
Release Date : 1994
Privatization In Eastern Europe written by Roman Frydman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
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.
The Privatization Process In Central Europe
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Author : Roman Frydman
language : en
Publisher:
Release Date : 1993-01-06
The Privatization Process In Central Europe written by Roman Frydman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-01-06 with Business & Economics categories.
Provides comprehensive comparative information on the privatization process in five Central European countries. Following an introduction to the economic environment in each country, it covers ownership, state regulation, privatization programmes and the initial transformation of enterprises.
Business Ethics In East Central Europe
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Author : Peter Koslowski
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Business Ethics In East Central Europe written by Peter Koslowski 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 transformation process from the planned to the market economy in the East Central European countries is a laboratory of applying economic theory and business ethics to an enormous historical transition in the economic and political system. Authors from the Czech Republic, Hungary, Poland and Slovakia analyse the economic, philosophical and political problems of the transition process. They discuss the economic and legal questions of the privatization of socialized property, examine critically whether pure Liberalism has been and is able to cope with the transition problems, and investigate the role and impact of business ethics in the transition process. This volume contributes to the theory of the role of business ethics in periods of institutional change.
Foreign Investment And Privatization In Eastern Europe
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Author : Patrick Artisien-Maksimenko
language : en
Publisher: Palgrave Macmillan
Release Date : 2001
Foreign Investment And Privatization In Eastern Europe written by Patrick Artisien-Maksimenko and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
Privatization, with its ultimate objective of raising economic efficiency, has been central to the transformation of the economies of Eastern Europe and Russia. The perception of foreign direct investment in the privatization process of transitional economies is often shrouded in emotional prejudice and daily political needs, remote from rational economic considerations. Eastern Europe is no exception to this trend.
Social And Economic Transformation In East Central Europe
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Author : Terry Cox
language : en
Publisher: Edward Elgar Publishing
Release Date : 1999
Social And Economic Transformation In East Central Europe written by Terry Cox and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
This book focuses not only on economic and political transformation since the demise of communism in Eastern and Central Europe, but also on the relationships between economic organization, social patterns and institutional change. The changes in political structure and policies of economic reform have in turn resulted in changes in social institutions and patterns of social relations. The authors look at social relations under the old regimes to understand the current social transformation. They consider economic restructuring both in the context of social change and in terms of its consequences for society, using case studies from the Czech Republic, Hungary and Poland. The impact of economic changes on new forms of institutional arrangements, social patterns and organization are also discussed taking into account privatization, employment, social welfare, property and industrial relations. This new book will be welcomed by economists, political scientists and sociologists working in the area of transition.