Privatization Is Transition--Or Is It?
- (pp. 67-86)
AbstractVarious means of creating a private sector have been used in transition economies, including restitution, privatization of state firms through sales or voucher schemes, and start-ups of new private firms. The privatization of state-owned firms raises questions regarding the viability of future corporate governance but, in combination with economic liberalization, it has induced state-owned firms to react to their new environment. Differences in the extent of privatization among countries reflect largely differences in the privatization of state-owned firms. Qualitative differences reflect differences in who the new owners of these firms are.
Citation1996. "Privatization Is Transition--Or Is It?" Journal of Economic Perspectives, 10(2): 67-86. DOI: 10.1257/jep.10.2.67
- P21 Socialist Systems and Transitional Economies: Planning, Coordination, and Reform
- L33 Comparison of Public and Private Enterprises; Privatization; Contracting Out