Privatization in Eastern Europe : a critical approach

Author(s)

Bibliographic Information

Privatization in Eastern Europe : a critical approach

Iván Major

(Studies of communism in transition)

E. Elgar, c1993

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Note

Includes bibliographical references (p. 154-159) and index

Description and Table of Contents

Description

The task of turning the state-owned assets of the Eastern European countries over to private ownership is one of the most challenging of our time, both intellectually and in practical terms. Ivan Major's in-depth critique of the plans and programmes of the East European governments addresses the core issues of privatization from the perspective of both potential winners and losers. After discussing the analytical framework, he offers an assessment of the legacy of the command economy and includes individual country studies of Czechoslovakia, the former GDR, Hungary, Poland and the former Soviet Union. The following chapters look at the theoretical, political and economic underpinning as well as assessments of the initial results of East European privatizations. Dr Major argues that the whole network of political regulation must be dismantled if an efficient market economy is to emerge. Privatization in Eastern Europe offers a critical analysis of the movement towards privatization in Eastern Europe as well as an authoritative assessment of the existing literature. This book will be welcomed by scholars and policymakers as an important source of analysis, argument and information.

Table of Contents

  • Part 1 Introduction - analytical framework. Part 2 The legacy of the command economy: state ownership, "Politburo Ownership" or "Nomenklatura Ownership"?
  • economic reforms and ownership
  • political regulation in a command economy and its consequences for privatization
  • what is to be privatized in Eastern Europe? - Czechoslovakia, the former GDR, Hungary, Poland, the former Soviet Union. Part 3 Starting conditions and issues in the economic transformation. Part 4 The reasons for privatization: reasons for privatization in the western literature
  • additional reasons for privatization in the east. Part 5 Plans and realities of privatization in eastern Europe: the initial framework of the governments' plans for privatization
  • plans for privatization. Part 6 Issues on privatization and restructuring: from "Nomenklatura Ownership" to private ownership via state ownership?
  • the privatization controversy - why privatize?
  • the pace and methods of privatization
  • privatization by free distribution - the case of the largest enterprises.

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