Privatization Processes in Eastern Europe: Theoretical Foundations and Empirical Results (Central Issues in Contemporary Economic Theory and Policy) - Hardcover

Hardcover

ISBN 10: 0333595831 ISBN 13: 9780333595831

Publisher: Palgrave Macmillan, 1993

Synopsis

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?'

About this title

Synopsis

This study examines how, in Eastern Europe, privatizing firms and liberalizing their market environment generates a variety of problems, many of which are not common to the analogous attempts in industrial 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 Part 1. In Part 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 Part 3 - "Is there any alternative to privatization?".

Edition details

• Publisher: Palgrave Macmillan
• Publication date: 1993
• Language: English
• ISBN 10: 0333595831
• ISBN 13: 9780333595831
• Binding: Hardcover
• Number of pages: 288
• Editor: Baldassarri Mario, Paganetto Luigi, Phelps Edmund S.