Privatization in Eastern Europe
Is the State Withering Away?
Seiten
1994
Central European University Press (Verlag)
978-1-85866-004-2 (ISBN)
Central European University Press (Verlag)
978-1-85866-004-2 (ISBN)
These six papers deal with a variety of aspects of mass privatization. Previously published in less accessible form, they have been brought up to date and a final chapter has been added to provide a coherent account of the problems and opportunities that privatization on such a scale produces.
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.
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.
Andrzej Rapaczynski is Daniel G. Ross Professor of Law; Joseph Solomon Professor of Wills, Trusts, and Estate Planning at the Columbia Law School.
Markets and institutions in large-scale privatization - an approach to economic and social transformation in Eastern Europe; privatization and corporate governance - can a market economy be designed?; evolution and design in the East European transition; mechanisms for corporate governance and finance; insiders and the state - overview of responses to agency problems in East European privatization; privatization in Eastern Europe - is the state withering away?; ambiguity of privatization and the paths of transition to a private property regime.
Erscheint lt. Verlag | 1.1.1994 |
---|---|
Verlagsort | NY |
Sprache | englisch |
Maße | 159 x 234 mm |
Gewicht | 525 g |
Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation |
Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie | |
ISBN-10 | 1-85866-004-1 / 1858660041 |
ISBN-13 | 978-1-85866-004-2 / 9781858660042 |
Zustand | Neuware |
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