Privatization in Transition Countries: Lessons From the First Decade

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Privatization in Transition Countries: Lessons From the First Decade by : Oleh Havrylyshyn

Download or read book Privatization in Transition Countries: Lessons From the First Decade written by Oleh Havrylyshyn and published by International Monetary Fund. This book was released on 1999-09-06 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors' view is that any privatisation is better than none, regardless of whether a stable, competitive environment has been established first. However, private companies started from scratch perform best, followed by newly privatised firms run by outsiders, either local or foreign. Privatised companies dominated by insiders do less well, but even they regularly outperform state enterprises. Without an appropriate market environment though, managers may spend more time lobbying the government for support than undertaking painful restructuring measures.

Privatization in Transition Countries: Lessons of the First Decade

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Publisher :
ISBN 13 : 9781455254958
Total Pages : pages
Book Rating : 4.2/5 (549 download)

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Book Synopsis Privatization in Transition Countries: Lessons of the First Decade by : Oleh Havrylyshyn

Download or read book Privatization in Transition Countries: Lessons of the First Decade written by Oleh Havrylyshyn and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Privatization in Transition Countries: Lessons From the First Decade

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Publisher :
ISBN 13 : 9781455265756
Total Pages : pages
Book Rating : 4.2/5 (657 download)

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Book Synopsis Privatization in Transition Countries: Lessons From the First Decade by :

Download or read book Privatization in Transition Countries: Lessons From the First Decade written by and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A decade ago, with the breakup of the Soviet Union and the start of market-oriented reforms in many former socialist economies of Central andEastern Europe, the prospect of privatizing inefficient state-ownedcompanies figured prominently in both popular and academic writings. As the headline event symbolizing change from central planning to capitalism, privatization seemed to promise an end to the inefficienciesof central planning - the key to freeing the resources and talents of this huge area and lifting its living standards to those of the industrial countries. What broad lessons were learned from the experienceof the past ten years? Along with their successes, prominent failureshave also marked this recent history, especially in Russia and in othercountries of the former Soviet Union. The overall task ahead thus remains vast if the original vision of greater freedom and higher livingstandards is to be realized.

Privatization in Transition Countries

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Publisher :
ISBN 13 : 9781557758965
Total Pages : 16 pages
Book Rating : 4.7/5 (589 download)

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Book Synopsis Privatization in Transition Countries by : Havrylyshyn, Oli

Download or read book Privatization in Transition Countries written by Havrylyshyn, Oli and published by . This book was released on 2004-01 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Privatization in Transition Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451842279
Total Pages : 45 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Privatization in Transition Countries by : Mr.Oleh Havrylyshyn

Download or read book Privatization in Transition Countries written by Mr.Oleh Havrylyshyn and published by International Monetary Fund. This book was released on 1999-01-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews a selection of studies on privatization experiences in transition countries. Empirical studies almost invariably show privatized enterprises outperform state enterprises. Moreover, the literature identifies de novo firms as being clearly the best performers, followed by outsider-dominated firms, while insider-dominated firms are the least efficient among those newly privatized. The importance of de novo firms in enlarging the private sector in transition economies is reviewed, along with the question of whether privatization efforts support or hinder de novo private sector development. Finally, the paper discusses the importance of providing a suitable market environment for successful private-sector development.

Privatization in Transition Economies

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Author :
Publisher : Jai
ISBN 13 : 076231463X
Total Pages : 374 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 Jai. This book was released on 2008 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together contributions from a diverse group of authors each of whom have worked extensively on privatization and related reforms, such as restructuring and bankruptcy, in the transition economies of Central and Eastern Europe (CEE), the Commonwealth of Independent States (CIS), sometimes referred to as the Former Soviet Union, and South East Europe (SEE). A chapter on Chinese state enterprise reforms and privatization has been included in this volume due to China??'s importance economically and politically, its successful reform program to-date and its unique approach to reforms. The volume is largely a retrospective of the ten or so years of reform from 1990 to 2000, focused on privatization in the transition countries since the fall of the Berlin Wall, the peaceful revolutions in Poland and in then Czechoslovakia (now the Czech and Slovak Republics), the break-up of the Soviet Union and the formation of the Russian Federation. Most of the contributors to this volume worked closely with the leading reformers in Government during this period to assist them in designing and implementing their privatization programs. One of the contributors was directly involved in the process as a leading reformer in his country, as a Deputy Minister of Economy and as Director of its Privatization Agency. For the most part, sufficient time has passed to allow the authors to now treat their subject objectively. Serbia and China are unique in comparison to the other countries discussed in this volume, as their state enterprise reform and privatization programs are still on going. China started earlier than the other transition economies, but continue to the present time, due to what someanalysts have described as a more gradualist approach to reforms that the other transition economies. Serbia was a late reformer due to the break-up of Yugoslavia, the conflict in the region and its years of isolation. Also, Serbia had to deal with the legacy of socially owned enterprises, not state-owned enterprises as in the other transition economies. Serbia is now in the process of trying to determine how to wind-up its program. While the volume is primarily a retrospective, the overview chapter provides lessons learned on banking and infrastructure reforms and the concluding chapter on lessons learned is forward looking. There is still much to do in many of these countries, especially in the CIS and SEE, the Asian transition economies such as Viet Nam and eventually in North Korea and Cuba. The concluding chapter draws concrete lessons from the earlier experience that could be of value to these countries. As such, this volume is a unique contribution to the current academic literature on the transition economies and on privatization. *Original articles by experts on their subjects *One of the contributors was directly involved in the process as a leading reformer in his country

Privatization in Competitive Sectors

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4./5 ( download)

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Book Synopsis Privatization in Competitive Sectors by : Sunita Kikeri

Download or read book Privatization in Competitive Sectors written by Sunita Kikeri and published by World Bank Publications. This book was released on 2002 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Transition

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Publisher :
ISBN 13 : 9780262268707
Total Pages : 516 pages
Book Rating : 4.2/5 (687 download)

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Book Synopsis Transition by : Mario I. Bléjer

Download or read book Transition written by Mario I. Bléjer and published by . This book was released on 2001 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comparative analysis of eleven transition economies. The former socialist countries' transition to market economies is one of the momentous transformations in modern history. The pace and degree of success have varied widely, and there is increasing divergence in performance, structure, and institutions among the transition economies. These differences are largely determined by country-specific conditions and political configurations. This book compares the experiences of the countries involved over the first ten years to determine what has worked and failed, as well as the nature of the challenges that lie ahead.After two overviews of the transition process to date, the book presents eleven specific country cases: the reunification of East and West Germany; the most successful transition countries, Poland, Hungary, the Czech Republic, Croatia, and Slovenia; the less successful experience of countries in the former Soviet Union, namely, Russia, Belarus, and Ukraine; and the dissimilar developments in two major Balkan countries, Bulgaria and Romania. The final section summarizes the policy lessons of the different experiences. The contributors, who include ministers, government officials, academics, and leaders of international monetary institutions, stress the need for greater emphasis on institutional building and on the enforcement of contracts.

Privatisation in Developing Countries

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Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 728 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Privatisation in Developing Countries by : Paul Cook

Download or read book Privatisation in Developing Countries written by Paul Cook and published by Edward Elgar Publishing. This book was released on 2000 with total page 728 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decades of the 20th century, privatization has been a key policy instrument in the move to more market-based economic systems in all parts of the developing world. Privatization, however, has not necessarily been accompanied by an increase in market competition. Many public utilities have been privatized as monopolies and in addition regulatory systems have been developed to restrict their market power and protect the interests of consumers. This volume brings together a collection of papers that provide theoretical and empirical insights into privatization and regulation, as well as policy perspectives in relation to developing countries.

Transition, the First Ten Years

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Publisher : World Bank Publications
ISBN 13 : 9780821350386
Total Pages : 164 pages
Book Rating : 4.3/5 (53 download)

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Book Synopsis Transition, the First Ten Years by : Pradeep Mitra

Download or read book Transition, the First Ten Years written by Pradeep Mitra and published by World Bank Publications. This book was released on 2002 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: The wide variation in transition economies raises questions about differences in economic growth, the applicability of transition policies, and the advantages of economic reform. This report seeks to answer these questions.

Privatization and Control of State-owned Enterprises

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Publisher : World Bank Publications
ISBN 13 : 9780821318638
Total Pages : 344 pages
Book Rating : 4.3/5 (186 download)

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Book Synopsis Privatization and Control of State-owned Enterprises by : Ravi Ramamurti

Download or read book Privatization and Control of State-owned Enterprises written by Ravi Ramamurti and published by World Bank Publications. This book was released on 1991-01-01 with total page 344 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.

Reforming Infrastructure

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Reforming Infrastructure by : Ioannis Nicolaos Kessides

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.

Financial Innovations and the Welfare of Nations

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Publisher : Springer Science & Business Media
ISBN 13 : 1461516234
Total Pages : 364 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Financial Innovations and the Welfare of Nations by : Laurent L. Jacque

Download or read book Financial Innovations and the Welfare of Nations written by Laurent L. Jacque and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: The central question addressed in Financial Innovations and the Welfare of Nations is how the transfer of financial innovations from developed to developing economies can nurture the dynamics of emerging capital markets. National capital markets can be positioned along a continuum ranging from embryonic to mature and emerged markets according to a decreasing "national cost of capital" criterion. In the introductory chapter Laurent Jacque argues that newly emerging countries are handicapped by a high cost of capital due to "incomplete" and inefficient financial markets. As capital markets graduate to higher level of "emergedness", their national firms avail themselves of a lower cost of capital that makes them more competitive in the global economy and spurs economic growth. Skillful transfer of financial innovations to emerging markets often encourages the deregulation of the country's financial services sector. This results into new conduits for a more efficient capital allocation process such as commercial paper, securitized consumer finance and other disintermediated modes of financing which out-compete traditional financial intermediaries (mostly commercial banks), reduce households' cost of living and conjointly fuel the dynamics of emerging markets. Our response to the central question of how the transfer of financial innovations can enhance the Wealth of Nations is to show that it reduces the cost of capital while not unduly increasing systemic risk. Part I examines the relationship between financial innovations and systemic risk of the international financial system.

Transition and Beyond

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Publisher : Springer
ISBN 13 : 0230590322
Total Pages : 307 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis Transition and Beyond by : S. Estrin

Download or read book Transition and Beyond written by S. Estrin and published by Springer. This book was released on 2007-08-10 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers a wide variety of aspects of transition in Central and Southeast Europe and the CIS, including the socialist legacy, privatization and growth, skills, and banking reforms. It also covers the evolution of the global economy beyond transition, looking at complexity, risk management, the optimal transition path, and globalization.

The World Bank Research Observer

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Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The World Bank Research Observer by :

Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Transition from Socialist to Market Economies

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Publisher : Springer
ISBN 13 : 023024498X
Total Pages : 280 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis Transition from Socialist to Market Economies by : S. Ichimura

Download or read book Transition from Socialist to Market Economies written by S. Ichimura and published by Springer. This book was released on 2009-10-21 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: 20 years after the collapse of communism in Central Eastern European countries and 30 years after the start of market-oriented reforms in China, this book provides a framework for understanding the differing emphasis and sequencing of two reforms and explores in-depth these issues in the demise of communism and the triumph of the market economy.