Case-by-case Privatization in the Russian Federation

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821342312
Total Pages : 112 pages
Book Rating : 4.3/5 (423 download)

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Book Synopsis Case-by-case Privatization in the Russian Federation by : Harry G. Broadman

Download or read book Case-by-case Privatization in the Russian Federation written by Harry G. Broadman and published by World Bank Publications. This book was released on 1998 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the advent of reform in 1992, the Russian authorities have made substantial strides toward creating a market economy through privatization. Recently, Russian authorities have established an institutional framework for a 'case-by-case' approach that ensures transparency and competition through the use of independent financial and other advisers. This paper contains the principal presentations made at a World Bank workshop on the lessons of international experience in case-by-case privatization.

Privatization in the Russian Federation

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Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Privatization in the Russian Federation by : Alexander Radygin

Download or read book Privatization in the Russian Federation written by Alexander Radygin and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this paper is providing an overview of the privatization process in the Russian Federation. The first section focuses on the experience with management and employee-buyouts in the Russian Federation, the second part explores two sides of the privatization process: the mass privatization and the voucher system.

Privatizing Russia

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Author :
Publisher : MIT Press
ISBN 13 : 9780262522281
Total Pages : 180 pages
Book Rating : 4.5/5 (222 download)

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Book Synopsis Privatizing Russia by : Maxim Boycko

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.

Assisting Russia's Transition

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821353820
Total Pages : 168 pages
Book Rating : 4.3/5 (538 download)

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Book Synopsis Assisting Russia's Transition by : Gianni Zanini

Download or read book Assisting Russia's Transition written by Gianni Zanini and published by World Bank Publications. This book was released on 2002-01-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This evaluation assesses the development effectiveness of the World Bank's lending and non-lending assistance to the Russian Federation since 1991, a 10-year period of tumultuous political, economic, and social change. This report concludes that an assistance strategy, concentrating on analytical and advisory services with limited financial support for Russia, would have been more appropriate than one involving large volumes of adjustment lending.

Privatization in the Russian Federation

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Author :
Publisher :
ISBN 13 : 9788386296699
Total Pages : 39 pages
Book Rating : 4.2/5 (966 download)

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Book Synopsis Privatization in the Russian Federation by : Aleksandr Dmitrievič Radygin

Download or read book Privatization in the Russian Federation written by Aleksandr Dmitrievič Radygin and published by . This book was released on 1996 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Privatization in Transition Economies

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Author :
Publisher : Elsevier
ISBN 13 : 076231463X
Total Pages : 383 pages
Book Rating : 4.7/5 (623 download)

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Book Synopsis Privatization in Transition Economies by : Ira W. Lieberman

Download or read book Privatization in Transition Economies written by Ira W. Lieberman and published by Elsevier. This book was released on 2008 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation.

Privatization and Transition in Russia in the Early 1990s

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Author :
Publisher : Routledge
ISBN 13 : 1135021651
Total Pages : 240 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis Privatization and Transition in Russia in the Early 1990s by : Carol Scott Leonard

Download or read book Privatization and Transition in Russia in the Early 1990s written by Carol Scott Leonard and published by Routledge. This book was released on 2013-06-19 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few economic events have caused such controversy as the privatization process in Russia. Some see it as the foundation of political and economic freedom. For others it was economics gone wrong, and ended in "Russians stealing money from their own country". As Russia reasserts itself, and its new brand of capitalism, it is ever more important that policy makers and scholars understand the roots of the economic structure and governance of that country; what was decided, who made the decisions and why, what actually transpired, and what implications this has for the future of Russia. This work, written by two senior advisors to the Russian government, has unique access to documentation, tracking the decision making process in the Russian Mass Privatization process. By close reference to events, and supplemented by interviews with many of the key participants, it shows that the policies adopted were often influenced and shaped by different forces than those cited by current popular accounts. The book challenges the interpretation of Russian privatization by some of the West’s most eminent economists. It underlines that economists of all schools, who bring assumptions from the West to the analysis of Russia, may reach false or misleading conclusions. It is an essential guide for anyone interested in Russian economic reform, and anyone who seeks to understand this enigmatic country, and its actions today.

Kremlin Capitalism

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Publisher : Cornell University Press
ISBN 13 : 1501722220
Total Pages : 272 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Kremlin Capitalism by : Joseph R. Blasi

Download or read book Kremlin Capitalism written by Joseph R. Blasi and published by Cornell University Press. This book was released on 2018-10-18 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book to describe Russia's massive economic transformation for an American audience, Kremlin Capitalism provides a wealth of data and analyses not previously available in this country. The authors articulate the political and economic goals of Russian privatization, examine the current ownership of the largest enterprises in Russia, and chart the serious problem of corporate governance in the new private businesses. Kremlin Capitalism is based on the only continuous study of Russian privatization throughout the Russian Federation from 1992 to the present. The authors tracked down the story of the transition in the cities, towns, and villages of fifty of Russia's eighty-nine provinces, updating their findings after the June 1996 election. The result is an up-to-the-minute report of the largest property transfer in history and an analysis of one of this century's most significant economic transformations. The volume also characterizes the position of workers in terms of unemployment, wages, union power, and their changing role as employee shareholders.What really happened when Russia privatized its economy? The Kremlin brokered the initial struggle among different interest groups eager to claim a portion of Russian property: workers, managers, the Mafia, the old Soviet bureaucracy, regular citizens, entrepreneurs, Russian banks, and foreigners. While competing with one another, all struggled to free themselves from seventy years of Communist economic culture. Four years after the process began, have large companies learned to offer goods and services profitably and pay dividends to shareholders? Individual stories come alive as the book explores problems Russians face in structuring a new economic system, defining the ownership and governance of thousands of corporations one by one. Russian economic practices are being forged in the heat of fierce political struggles between resurgent Communists and nationalists and old Soviet managers, on the one hand, and more liberal elements of its infant democratic system on the other. Whether a few big conglomerates and the powerful banks and holding companies from Soviet days will dominate the new Russian economy to the exclusion of most citizens remains to be seen.Many questions persist. How will billions of dollars of capital be raised to retool, restructure, and reorient the heart and soul of Russia's economy? Will open stock markets stimulate a new economic order or will that new order be imposed through strong state supports and subsidies? What role will be played by shadowy conglomerates that are trying to shape a disorganized economy into something resembling the old Soviet system? The authors note the paradox of a capitalism conceived, designed, implemented, and evaluated by the Kremlin when one aim of reform is to allow market forces to play freely. Kremlin Capitalism asks whether rapid privatization has catalyzed or complicated the transition to a more liberal political and economic system, a question that will reverberate for decades.

Privatization, Conversion, And Enterprise Reform In Russia

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Author :
Publisher : Routledge
ISBN 13 : 1000308189
Total Pages : 219 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Privatization, Conversion, And Enterprise Reform In Russia by : Michael Mcfaul

Download or read book Privatization, Conversion, And Enterprise Reform In Russia written by Michael Mcfaul and published by Routledge. This book was released on 2019-09-05 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides an evaluation of initial efforts to convert post-Soviet Russian industry from that of a highly-centralized, military-oriented economy to that of a civilian economy with a stronger base in private enterprise. The authors address crucial issues of the embattled economic transformation at the level of particular enterprises and geographic regions as well as in the contexts of state policy, finance and planning. Their analyses offer readers an understanding of the various obstacles that impede post-Soviet economic restructuring and point to ways in which they may be overcome.

Privatization in the Russian Federation

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Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Privatization in the Russian Federation by : Alexander Radygin

Download or read book Privatization in the Russian Federation written by Alexander Radygin and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this paper is providing an overview of the privatization process in the Russian Federation. The first section focuses on the experience with management and employee-buyouts in the Russian Federation, the second part explores two sides of the privatization process: the mass privatization and the voucher system.

The Selling of the Soviet Empire

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Author :
Publisher : SP Books
ISBN 13 : 9781561719846
Total Pages : 248 pages
Book Rating : 4.7/5 (198 download)

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Book Synopsis The Selling of the Soviet Empire by : Alfred Kokh

Download or read book The Selling of the Soviet Empire written by Alfred Kokh and published by SP Books. This book was released on 1998 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Never before has there been an attempt to transform a massive state-owned economy into a dynamic free market system. The story of the conversion of the dinosaur Marxist Soviet state into the free-wheeling capitalist society of today's Russian Federation is one of the most compelling dramas in history. This tale includes violence, corruption, and a web of political conspiracy. It is a true-life economic-political thriller. Who are the new Russian financial magnates who are grabbing former state property? What were the terms for disposing of the state's immense wealth to private investors? What was the role of American financiers? These questions, and more, are answered here. In addition to what he saw with his own eyes (in the crucial period between 1992 and 1997), Kokh also paints vivid pictures of the influential decision-makers that he worked closely with, including Anatoly Chubais, the little known Kremlin kingpin who ran Boris Yeltsin's re-election campaign and served as both Deputy Prime Minister and Finance Minister. Kokh uses his expert knowledge of the Russian government to bring readers into the momentous meetings that changed the world, including his cogent analysis of events occurring in Russia at the present time.

Russian Enterprise Reform

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821344057
Total Pages : 164 pages
Book Rating : 4.3/5 (44 download)

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Book Synopsis Russian Enterprise Reform by : Harry G. Broadman

Download or read book Russian Enterprise Reform written by Harry G. Broadman and published by World Bank Publications. This book was released on 1998-01-01 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: To enhance and sustain economic prosperity, Russian authorities must improve the business climate so that firms restructure and the private sector thrives within a market environment. Meeting this challenge requires actions on several fronts. The Russian government asked the World Bank to write policy papers to address this issue. This volume contains those policy papers which were then presented at a high-level workshop in Moscow. The topics include: • removing impediments to robust interfirm competition, such as structural concentration, arbitrary regulatory practices, and entry barriers; • strengthening corporate governance incentive systems; • enhancing the nascent institutional framework for the exercise of creditor rights and implementation of enterprise bankruptcy procedures; • reducing barter and other nonmonetary forms of business transactions; and • fostering enterprise restructuring. The volume also contains formal comments on these papers presented by senior Russian officials at the workshop.

Privatization in Russia

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Author :
Publisher : GRIN Verlag
ISBN 13 : 363879556X
Total Pages : 36 pages
Book Rating : 4.6/5 (387 download)

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Book Synopsis Privatization in Russia by : Dmitri Ouvarovskii

Download or read book Privatization in Russia written by Dmitri Ouvarovskii and published by GRIN Verlag. This book was released on 2007-09 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2007 in the subject Politics - International Politics - Region: Russia, grade: A, York University, 13 entries in the bibliography, language: English, abstract: Fragmentation of state authority, lack of a clear legislative base, unreliability of the legal system, collapse of the industry, bisection of the GDP, runaway inflation, capital flight, rises in crime and corruption, tremendous decline in life expectancy: the political, economic and social results of Russia's transition from plan to market under Yeltsin are devastating. Within a few years the "mighty" Soviet Union fell back from a major power to a third world economy, dealing with problems like mass poverty and epidemics. In light of these disastrous outcomes the question of what "went right" during the transition process seems to be even more appropriate then the question of what "went wrong". However, while it seems to be obvious that the stabilization and liberalization attempts by the Russian government predominantly failed, privatization, the third core facet of transition1, "has been touted as a one of the major successes of the Russian government's economic transformation policy. By the beginning of 1996 77.2% of medium-size and large enterprises had been privatised, accounting for 88.3% of total industrial output."2 On the one hand, according to the Russian government's Western advisers this privatization is the fastest in human history and "seems to be one of the few positive fruit of Russian economic policy since 1991"3. On the other hand, a common point of view is that its implementation led to an unfair distribution of state assets and only benefited a minority of Russian population. This debate is going to be the main focus of this paper. By discussing the general importance of the private sector to a democracy, the aims of privatization, its subsequent reforms, and its results, I intend to assess the contribution of these reforms to the process of Russian

A Guide to the World Bank

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821353448
Total Pages : 270 pages
Book Rating : 4.3/5 (534 download)

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Book Synopsis A Guide to the World Bank by :

Download or read book A Guide to the World Bank written by and published by World Bank Publications. This book was released on 2003 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank Group works in more than 100 developing economies and is one of the world's largest sources of development assistance. In 2002, the institution provided US $19.5 billion in loans to its client countries. This guide reviews the organisation's history, objectives and operations, and looks at the five institutions that make up the World Bank Group: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).

Is Russia Restructuring?

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4./5 ( download)

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Book Synopsis Is Russia Restructuring? by : Harry G. Broadman

Download or read book Is Russia Restructuring? written by Harry G. Broadman and published by World Bank Publications. This book was released on 2001 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors explore the labor dynamics of Russian enterprise restructuring, empirically assessing how patterns of job creation and destruction are related to various aspects of enterprise restructuring across firms in different sectors and regions, and to different forms, sizes, vintages, and performance characteristics of ownership. Evidence from case studies - based on more than 50 site visits in 2000 - suggests that jobs have been destroyed, but only to a limited degree in some sectors and regions, largely because of institutional and incentive constraints and a still-widespread "socialist" corporate culture. Jobs have been created - particularly in sectors where devaluation had the most pronounced effect on important substitution and export promotion - but only slowly, mostly for lack of skilled workers and because regional mobility is limited. Labor turnover appears higher within regions than across regions. Newly available data for 1996 - 99 (provided by Goskomstat) for about 128,000 enterprises in 24 industrial sectors in Russia's 89 regions indicates that the typical firm has experienced only modest downsizing - about 12 percent - in number of employees. Smaller firms have entered, and larger, mature businesses have exited some sectors. Except for a lull in 1998, the rate of job creation has steadily increased and the rate of job destruction has declined, dropping substantially in 1998 - 99. "Voluntary" worker separations remain the main - and growing - form of layoff, and the proportion of layoffs through redundancies is shrinking (now about 4 percent of total separations). Firm size and net employment growth are not statistically related, but form of ownership seems to matter. Firm size is also statistically correlated (positively) with profitability, but restructuring through changes in net employment growth appears not to be. It seems Russian restructuring needs to become more efficient.

Building Capitalism

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521805254
Total Pages : 532 pages
Book Rating : 4.8/5 (52 download)

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Book Synopsis Building Capitalism by : Anders Åslund

Download or read book Building Capitalism written by Anders Åslund and published by Cambridge University Press. This book was released on 2002 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Privatization Laws and Regulations Handbook: Russia and NIS Volume 1 Russia Privatization: Strategic Information, Laws and Regulations

Download Global Privatization Laws and Regulations Handbook: Russia and NIS Volume 1 Russia Privatization: Strategic Information, Laws and Regulations PDF Online Free

Author :
Publisher : Lulu.com
ISBN 13 : 1438719779
Total Pages : 296 pages
Book Rating : 4.4/5 (387 download)

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Book Synopsis Global Privatization Laws and Regulations Handbook: Russia and NIS Volume 1 Russia Privatization: Strategic Information, Laws and Regulations by : IBP USA

Download or read book Global Privatization Laws and Regulations Handbook: Russia and NIS Volume 1 Russia Privatization: Strategic Information, Laws and Regulations written by IBP USA and published by Lulu.com. This book was released on with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: