Download or read book Privatization in Eastern Europe written by Roman Frydman and published by Central European University Press. This book was released on 1994-01-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Eastern Europe privatization is now a mass phenomenon. The authors propose a model of it by means of an illustration from the example of Poland, which envisages the free provision of shares in formerly public undertakings to employees and consumers, and the provision of corporate finance from foreign intermediaries. One danger that emerges is that of bureaucratization. On the broader canvas, mass privatization implies the reform of the whole system, the creation of a suitable economic infrastructure for a market economy and the institutions of corporate governance. The authors point out the need for a delicate balance between evolution - which may be too slow - and design - which brings the risk of more government involvement than it is able to manage. A chapter originating as a European Bank working paper explores the banking implications of setting up a totally new financial sector with interlocking classes of assets. The economic effects merge into politics as the role of the state is investigated. Teachers and graduate students of public/private sector economies, East European affairs; advisers to bankers or commercial companies with Eastern European interests.
Download or read book The Privatization Process in East Central Europe written by Michal Mejstrík and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Privatization in Eastern Europe written by Hans Smit and published by Martinus Nijhoff Publishers. This book was released on 2023-09-20 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: A hands-on approach to the privatization process in Eastern Europe, divided into the following categories: - Guidelines for Foreign Purchasers of State Enterprises - A Business Survival Guide for Getting Things Done in Kiev - Critical Challenges of Capital Formation - The Greenfield Approach to Privatization - Vouchers and their Practical Use - Detailed Analysis of the Particulars of the Privatization Procedures in Russia, Ukraine, Poland, the Czech Republic and Slovakia, and Hungary. Furthermore, Privatization in Eastern Europe includes a list of all privatization laws
Download or read book Privatization of the Power and Natural Gas Industries in Hungary and Kazakhstan written by and published by World Bank Publications. This book was released on 1999-01-01 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hungary and Kazakhstan have privatized a large portion of their electric power and natural gas industries, but have followed different strategies. In contrast, the other former socialist countries in Central and Eastern Europe have privatized almost none. Has the privatization in these two countries been a success? What lessons can other countries learn from their experience? These countries began their reforms from different starting points. The Hungarian power and gas sectors had a long history of being relatively well managed. In contrast, Kazakhstan inherited pieces of the old systems that were designed to serve the needs of the Soviet Union and had to develop new organizations to manage the system. 'Privatization of the Power and Natural Gas Industries in Hungary and Kazakhstan' analyzes how each country dealt with the key issues involved in the restructuring and privatization of the power and gas sectors. These issues include: industry structure, wholesale market, labor and management relations, regulatory framework, privatization objecties, and privatization methods.
Download or read book Privatization in Hungary Poland and Czechoslovakia written by P. G. Hare and published by . This book was released on 1991 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reforming and Privatizing Hungary s Road Haulage written by Esra Bennathan and published by World Bank Publications. This book was released on 1991 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Options for restructuring the Volàn group -- the current provider of Hungary's public passenger and freight transport services and the largest enterprise in Hungary's road transport industry.
Download or read book Capital Transformation and Privatization in Hungary written by István Tamás and published by . This book was released on 1999 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Legal Reform for Hungary s Private Sector written by Cheryl Williamson Gray and published by World Bank Publications. This book was released on 1992 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Download or read book Hungary An Economy in Transition written by Istvan Szekely and published by Cambridge University Press. This book was released on 1993-01-28 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of the economic transformation of Hungary, presenting local ideas and perceptions and international analysis.
Download or read book The Object of Labor written by Martha Lampland and published by University of Chicago Press. This book was released on 1995-12 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Did socialist policies leave the economies of Eastern Europe unprepared for current privatization efforts? Under communist rule, were rural villages truly left untouched by capitalism? In this historical ethnography of rural Hungary, Martha Lampland argues not only that the transition to capitalism was well under way by the 1930s, but that socialist policies themselves played a crucial role in the development of capitalism by transforming conceptions of time, money, and labor. Exploring the effects of social change thrust upon communities against their will, Lampland examines the history of agrarian labor in Hungary from World War I to the early 1980s. She shows that rural workers had long been subject to strict state policies similar to those imposed by collectivization. Since the values of privatization and individualism associated with capitalism characterized rural Hungarian life both prior to and throughout the socialist period, capitalist ideologies of work and morality survived unscathed in the private economic practices of rural society. Lampland also shows how labor practices under socialism prepared the workforce for capitalism. By drawing villagers into factories and collective farms, for example, the socialist state forced farmers to work within tightly controlled time limits and to calculate their efforts in monetary terms. Indeed, this control and commodification of rural labor under socialism was essential to the transformation to capitalism.
Download or read book The Politics of Greed written by Andrew Harrison Schwartz and published by Rowman & Littlefield Publishers. This book was released on 2006-10-12 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Privatization in Eastern Europe written by Iván Major and published by Edward Elgar Publishing. This book was released on 1993 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The task of turning the state-owned assets of the Eastern European countries over to private ownership is one of the most challenging of our time, both intellectually and in practical terms. Ivan Major's in-depth critique of the plans and programmes of the East European governments addresses the core issues of privatization from the perspective of both potential winners and losers. After discussing the analytical framework, he offers an assessment of the legacy of the command economy and includes individual country studies of Czechoslovakia, the former GDR, Hungary, Poland and the former Soviet Union. The following chapters look at the theoretical, political and economic underpinning as well as assessments of the initial results of East European privatizations. Dr Major argues that the whole network of political regulation must be dismantled if an efficient market economy is to emerge. Privatization in Eastern Europe offers a critical analysis of the movement towards privatization in Eastern Europe as well as an authoritative assessment of the existing literature. This book will be welcomed by scholars and policymakers as an important source of analysis, argument and information.
Download or read book Time to Rethink Privatization in Transition Economies written by John R. Nellis and published by World Bank Publications. This book was released on 1999-01-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Public Sector Reform written by Jan-Erik Lane and published by SAGE. This book was released on 1997-12-12 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deregulation, privatization and marketization have become the bywords for the reforms and debates surrounding the public sector. This major book is unique in its comparative analysis of the reform experience in Western and Eastern Europe, Australia, New Zealand and Canada. Leading experts identify a number of key factors to systematically explain the similarities and differences, map common problems and together reflect on the future shape of the public sector, exploring significant themes in a lively and accessible way.
Download or read book Privatizing Russia written by Maxim Boycko and published by MIT Press. This book was released on 1997-01-22 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program -- corporatization, voucher use, and voucher auctions -- are described, as is the responsiveness of privatized firms to outside investors. Finally, the market values of privatized assets are assessed for indications of how much progress the country has made toward reforming its economy. In many respects, privatization has been a great success. Market concepts of property ownership and corporate management are shaking up Russian firms at a breathtaking pace, creating powerful economic and political stimuli for continuation of market reforms. At the same time, the authors caution, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms.
Download or read book Post Communist Mafia State written by B lint Magyar and published by Central European University Press. This book was released on 2016-03-01 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Having won a two-third majority in Parliament at the 2010 elections, the Hungarian political party Fidesz removed many of the institutional obstacles of exerting power. Just like the party, the state itself was placed under the control of a single individual, who since then has applied the techniques used within his party to enforce submission and obedience onto society as a whole. In a new approach the author characterizes the system as the ?organized over-world?, the ?state employing mafia methods? and the ?adopted political family', applying these categories not as metaphors but elements of a coherent conceptual framework. The actions of the post-communist mafia state model are closely aligned with the interests of power and wealth concentrated in the hands of a small group of insiders. While the traditional mafia channeled wealth and economic players into its spheres of influence by means of direct coercion, the mafia state does the same by means of parliamentary legislation, legal prosecution, tax authority, police forces and secret service. The innovative conceptual framework of the book is important and timely not only for Hungary, but also for other post-communist countries subjected to autocratic rules. ÿ
