|Statement||prepared by Eduardo Borensztein and Manmohan S. Kumar ; authorized for distribution by Mohsin S. Khan and Peter Wickham.|
|Series||IMF working paper -- WP/91/36|
|Contributions||Kumar, Manmohan S., Borensztein, Eduardo., International Monetary Fund. Research Dept.|
|The Physical Object|
|Pagination||24 p. --|
|Number of Pages||24|
Several proposals for a wholesale privatization of public enterprises in Eastern Europe are discussed. These proposals include the distribution of “vouchers” to private citizens, as well as the use of mutual funds, privatization companies, and other forms of financial by: Several proposals for a wholesale privatization of public enterprises in Eastern Europe are discussed. These proposals include the distribution of "vouchers" to private citizens, as well as the use of mutual funds, privatization companies, and other forms of financial intermediaries. Proposals for Privatization in Eastern Europe EDUARDO BORENSZTEIN and MANMOHAN S. KUMAR* Several proposals for a wholesale privatization of public enterprises in Eastern Europe are discussed. These proposals include the distribution of "vouchers" to private citizens, as well as the use of mutualfunds, privatiza-. Widely regarded as the leading theoreticians of the privatization process, Professor Frydman and Rapaczynski trace the development of their thinking on privatization and its role in the transition to a market economy. They explore the interplay between politics and economics and the delicate balance between evolution.
Abstract. The transformation of the Eastern European economies into market economies requires comprehensive action on three fronts: macroeconomic stabilization, liberalization of economic activity, and privatization of state-owned enterprises. 1 Each of these is a monumental task. Nonetheless, privatization stands out as the most difficult and novel of the three, both conceptually and by: In Eastern Europe, privatization is a very different task, involving nothing less than the complete redefinition of property rights for literally thousands of enterprises. This chapter discusses the principles of privatization in Eastern Europe. The word privatization is used in two senses. In the narrower sense, it means the transfer of assets hitherto owned by the state into private hands. The broader interpretation covers the property relations in the economy as a whole, Cited by: Downloadable! The debate on privatisation, which now concerns Central and Eastern Europe as it transitions to a market-based economy, has centred mostly on the speed of the process, leaving aside important aspects related to the implementation of proper institutional frameworks. The work discusses this issue, reviewing the privatisation experiences of Central and Eastern European countries to Cited by: 8.
This paper considers the process of transition from state owned enterprises to the market situation. It also presents a model of transition. In particular, it analyzes various systems of carrying out privatization, such as the voucher system, self-management of enterprises, spontaneous privatization, creation of financial intermediaries, and public organizations. The second part of the paper Cited by: 2. Education and Privatisation in Eastern Europe and the Baltic RepublicsWhile there is a commonality of experience and a striving to re-create national identity in those post-Soviet nations featured in this volume, there is little unanimity when it comes to restructuring their educational systems. Some trends, however, are almost inevitable, such Cited by: describe different methods of privatization as well as provide examples of privatization taking place around the world (with an emphasis on Eastern Europe). The third section of the paper will present an empirical study done by Paul Cook and Yuichiro Uchida, analyzing the effects of privatization on economic growth in developing countries. Privatization: Successes and Failures evaluates the practices and results of privatization in Eastern Europe, Africa, Latin America, and Asia. Featuring the world's leading economists and experts on privatization, this volume offers a broad and balanced analysis of specific privatization projects and uncovers some surprising trends.2/5(1).