ENGLISH

Privatization Processes in Eastern Europe: Theoretical Foundations and Empirical Results

By Luigi Paganetto , Mario Baldassarri , Edmund S. Phelps (eds.)

Book information

Publisher
Palgrave Macmillan UK
Year
1993
ISBN
978-1-349-23092-1, 978-1-349-23090-7, 978-0-312-10074-2
DOI
10.1007/978-1-349-23090-7
Language
english
Format
PDF
Filesize
26 MB (26823544 bytes)
Series
Central Issues in Contemporary Economic Theory and Policy
Edition
1
Pages
VI, 282\273
Time added
2016-03-14 21:35:01
Regional/Spatial Science; Economic Theory/Quantita

Description

Privatising firms and liberalizing their market environment generates in Eastern Europe a variety of problems, many of which are not common to the analogous attempts in industries countries. A first difference between the two experiences resides in establishing the value of the firm or of the assets that are being privatized. A second main difference concerns the lack of the record of market performance for the firm. The book explores these open questions through an overview of on-going and proposed processes in Section 1. In Section 2 theoretical foundations of privatization processes are proposed with respect to the financial market, industrial relations and foreign trade. A final key question is faced in Section 3: 'is there any alternative to privatization?'

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