Get Between State and Market: Mass Privatization in Transition PDF

By Myilibrary, Ira W Lieberman, Stilpon S Nestor, Visiting Fellow Raj M Desai

ISBN-10: 0585331030

ISBN-13: 9780585331034

ISBN-10: 0821339478

ISBN-13: 9780821339473

Many of the papers in elements 1 via five of this quantity have been provided on the 10th OECD (Organization for fiscal Co-operation and improvement) Advisory crew on Privatization assembly. elements 1 via five conceal a various set of demanding situations to mass privatization courses within the previously socialist international locations. The papers additionally convey their event in: associations of capitalism, institution and enforcement of estate rights, reforming the general public zone, and the kingdom ' s position in those affairs. A comparative research of mass privatization means that the removing of firms from country keep an eye on and the institution of personal money flows are formed via international locations institutional endowments and via the kingdom ' s means to stability competing pursuits, deal with social conflicts, and distribute the prices and merits of reform. real implementation of voucher-based privatization schemes calls for that equivalent awareness be paid to the matter of commercializing agencies as to the matter of making sure enough public participation. the results of mass privatization exhibit that there's no important finish element to the method, the place a personal zone should be basically separated from the nation. in lots of circumstances, there's nonetheless govt intervention. additionally, the adventure of mass privatization illustrates the issues of corporative finance and governance. half 6 includes experiences of fifteen international locations experiments with mass privatization

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Extra info for Between State and Market: Mass Privatization in Transition Economies

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79107 and 141−61). Supply−Side Issues 32 Between State and Market The competence of other institutions not directly concerned with privatization is also important. In Poland antimonopoly bodies have been given extensive powers to halt corporatization if the enterprises seem to be in a dominant position, a power that has often been exercised. In theory the same wide−ranging powers are available to the Russian Antimonopoly Committee; in practice, however, it has taken little concrete action. In the Czech Republic the competition authorities have remained essentially toothless in the privatization process (Estrin and Caves 1995).

1995. Privatizing Russia . : MIT Press. ———. 1996. " Economic Journal 106: 30919. Carreau, Dominique. 1996. "Legal and Institutional Aspects of Privatization" In Privatization in Europe, Asia and Latin America: What Lessons Can Be Drawn . Paris: Organization for Economic Cooperation and Development. References 38 Between State and Market Chubais, Anatoly, and Marion Vishevkaya. 1993. , Changing the Economic System in Russia . New York: St. Martin's Press. , Jr. 1996. , Corporate Governance in Central Europe and Russia .

On the other hand, mass privatization requires an institution that has the political clout to impose a specific privatization approach on the various stakeholders in a large number of enterprises. Such institutions have to perform relatively simple tasks quickly and frequently rather than transaction−specific, complicated work. It follows, then, that if voucher privatization is the predominant method, a more political organization is a better institutional solution. From an organizational perspective, independent privatization institutions have several advantages.

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Between State and Market: Mass Privatization in Transition Economies by Myilibrary, Ira W Lieberman, Stilpon S Nestor, Visiting Fellow Raj M Desai


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