Small Privatization: Transformation of Retail Trade and Consumer Services in the Czech Republic, Hungary and Poland: v.3. (CEU Privatization Reports) - Softcover

Earle, John S.; Frydman, Roman; Rapaczynski, Andrzej; Turkewitz, Joel

9781858660073: Small Privatization: Transformation of Retail Trade and Consumer Services in the Czech Republic, Hungary and Poland: v.3. (CEU Privatization Reports)

Softcover

ISBN 10: 1858660076 ISBN 13: 9781858660073

Publisher: Central European University Press, 1994

The authors of this treatise attempt to provide a deeper understanding of the economic and political transformations now taking place in Poland, Hungary and the Czech Republic. They build up a detailed picture of the privatization process in the retail trade, catering and more general services. Not only are these sectors strongly relevant to consumers in these countries, but they also offer attractive possibilities for property ownership on a mass scale, as well as for the fostering of the small enterprises and entrepreneurial spirit that will be so important in the future.

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From the Back Cover:

This Third Volume in the acclaimed series of CEU Privatization Reports deals with the transition to a free market in retail trade and consumer services in Poland, Hungary, and the Czech Republic. The authors describe and analyze all the programs with the help of which shops, restaurants, and service establishments have been privatized in the three most advanced postcommunist countries and provide detailed quantitative evidence concerning all aspects of the small privatization process. The volume also presents the results of the first extensive empirical survey of privatized establishments in the three countries and draws important conclusions concerning the conditions necessary for a successful privatization of the retail trade and consumer service sectors in Eastern Europe. The authors argue that small privatization is, above all, a transfer of ownership to commercial real estate and that the nature of the rights conveyed to the new owners makes a great difference with respect to postprivatization restructuring. They also show that the presence of outside owners, not connected with predecessor state establishments, is one of the most important factors determining the extent of changes brought about by small privatization.

About the Author:

Roman Frydman is professor of economics at New York University and the coauthor or coeditor of many books, including "Individual Forecasting and Aggregate Outcomes: "Rational Expectations" Examined." Michael D. Goldberg is associate professor of economics at the University of New Hampshire. His articles on international finance and macroeconomics have appeared in "Economic Journal" and "Journal of International Money and Finance."

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