Time To Rethink Privatization In Transition Economies
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Time To Rethink Privatization In Transition Economies
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Author : John R. Nellis
language : en
Publisher: World Bank Publications
Release Date : 1999-01-01
Time To Rethink Privatization In Transition Economies 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 1999-01-01 with Business & Economics categories.
IFC Discussion Paper No. 38.QUOTEIt is now universally acknowledged that ownership matters; that private ownership in and of itself is a major determinant of good performance in firms... Decent economic policy and well-functioning legal and administrative institutions... matter greatly as well.QUOTEThis paper looks at what happens when the shift to private ownership gets far out in front of the effort to build the institutional underpinnings of a capitalist economy. The emphasis is on what went wrong and why and what, if anything, can be done to be correct it. Proposals include renationalization and/or postponement of further privatization, both to be accompanied by measures to strengthen the managerial capacities of the state. Neither approach seems likely to produce short-term improvements. The regrettable fact is that governments that botch privatization are equally likely to botch the management of state-owned firms. In a number of Central European transition countries, privatization is living up to expectations; and there is no need for such measures. For institutionally-weak countries, the less dramatic but reasonable short-term course of action is to push ahead more slowly with case- by-case and tender privatization in cooperation with the international assistance community in hopes of producing some success stories that will lead by example.
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.
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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
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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 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 Competitive Sectors
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Author : Sunita Kikeri
language : en
Publisher: World Bank Publications
Release Date : 2002
Privatization In Competitive Sectors written by Sunita Kikeri 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 2002 with Privatizacion categories.
Secondary Privatization In Transition Economies
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Author : Iraj Hoshi
language : en
Publisher: Springer
Release Date : 2003-09-15
Secondary Privatization In Transition Economies written by Iraj Hoshi and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-15 with Political Science categories.
Privatization was the fundamental pillar of transition from plan to market in former socialist countries. But little is known about the fate of companies that were privatized in large scale privatization schemes such as mass privatization or management-employee buyouts. This is the first original study aiming to fill this gap. It assesses wholesale privatization schemes in three leading transition countries - the Czech Republic, Poland and Slovenia - in terms of the evolving concentration of ownership and relations to firm performance.
Transition Economies
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Author : Aleksandr V. Gevorkyan
language : en
Publisher: Routledge
Release Date : 2018-04-17
Transition Economies written by Aleksandr V. Gevorkyan and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-17 with Business & Economics categories.
This interdisciplinary study offers a comprehensive analysis of the transition economies of Central and Eastern Europe and the former Soviet Union. Providing full historical context and drawing on a wide range of literature, this book explores the continuous economic and social transformation of the post-socialist world. While the future is yet to be determined, understanding the present phase of transformation is critical. The book’s core exploration evolves along three pivots of competitive economic structure, institutional change, and social welfare. The main elements include analysis of the emergence of the socialist economic model; its adaptations through the twentieth century; discussion of the 1990s market transition reforms; post-2008 crisis development; and the social and economic diversity in the region today. With an appreciation for country specifics, the book also considers the urgent problems of social policy, poverty, income inequality, and labor migration. Transition Economies will aid students, researchers and policy makers working on the problems of comparative economics, economic development, economic history, economic systems transition, international political economy, as well as specialists in post-Soviet and Central and Eastern European regional studies.
Privatisation And Structural Change In Transition Economies
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Author : Yelena Kalyuzhnova
language : en
Publisher: Springer
Release Date : 2003-09-08
Privatisation And Structural Change In Transition Economies written by Yelena Kalyuzhnova and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-08 with Business & Economics categories.
Privatisation and Structural Change in Transition Economies brings together specialists from different areas (governance, regulation, macro-econometrics, micro-econometrics, enterprise culture, foreign direct investment, technology transfer) to focus on the many different aspects of the privatization process in transition economies. The book does not dwell on the administrative or procedural aspects of privatisation. Instead it attempts to understand the bigger picture in terms of underlying policy environment and supporting legal and economic measures which helped to a large extent to determine the eventual success or failure of privatization programmes.
Privatization In Latin America
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Author : Alberto Chong
language : en
Publisher: World Bank Publications
Release Date : 2005-03-15
Privatization In Latin America written by Alberto Chong 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 2005-03-15 with Business & Economics categories.
Privatization is under attack. Beginning in the 1980s, thousands of failing state-owned enterprises worldwide have been turned over to the private sector. But public opinion has turned against privatization. A large political backlash has been brewing for some time, infused by accusations of corruption, abuse of market power, and neglect of the poor. What is the real record of privatization and are the criticisms justified? 'Privatization in Latin America' evaluates the empirical evidence on privatization in a region that has witnessed an extensive decline in the state's share of production over the past 20 years. The book is a compilation of recent studies that provide a comprehensive analysis of the record of and accusations against privatization, with important recommendations for the future. Seven countries are investigated: Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, and Peru. This book will be vital to anyone interested in the privatization debate but especially to those involved in civil service reform, corporate governance, economic policy, finance, and anticorruption efforts. 'Privatization is important but controversial. While economists typically favor it, others are skeptical. This book provides strong scientific evidence that privatization has been beneficial for many Latin American countries, although some privatizations failed and some groups in society lost out. As usual, the devil is in the details: how privatization is carried out and what reforms accompany it are crucial to its success. The book is definitely an invaluable contribution to the privatization debate.' --Oliver Hart, Andrew E. Furer Professor of Economics, Harvard University