Transforming the core : restructuring industrial enterprises in Russia and Central Europe
Author(s)
Bibliographic Information
Transforming the core : restructuring industrial enterprises in Russia and Central Europe
Westview Press, 1996
- : hbk
- : pbk
Available at / 24 libraries
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: hbk||338.9||Tr10061197879
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Note
Includes bibliographical references and index
Description and Table of Contents
- Volume
-
: hbk ISBN 9780813327044
Description
Large state industry, the "hard core" of the communist economic system, has been the principal obstacle in the transition to a market economy. Even in countries that have freed prices, opened up their economies to foreign trade and investment, and fostered private enterprise, much of the heavy industry has remained state-controlled, overstaffed and obsolete. Providing integrated assessments as well as detailed country studies, this work provides a comparative analysis of the strategies employed by Russia, China, Poland, Hungary and Czech Republic to deal with the transformation of industrial enterprises. The authors assess policies such as the sale of firms to insiders and outsiders, voucher privatization, debt relief, restructuring and bankruptcy - all in the context of overall economic transition.
Table of Contents
- Initial conditions and performance during transition
- policies affecting state enterprises in five countries
- Poland
- the Czech Republic
- Hungary
- Russia
- China
- conclusions and lessons.
- Volume
-
: pbk ISBN 9780813327051
Description
This text, in considering the roadblocks facing transition economies, focuses on a vital but generally negected sectorlarge state-owned industrial enterprises. Despite significant strides in privatization, formerly socialist countries have all found it immensely difficult, both politically and practically, to dismantle large enterprises, given the massive unemployment and economic dislocation that would result. The first systematic, genuinely comparative analysis of the biggest hurdle to the development of true market economies, this study, with its wealth of data and informed interpretation, will be essential reading for students and scholars alike. }In considering the roadblocks facing transition economies, this text focuses on a vital but generally negected sectorlarge state-owned industrial enterprises. Even though many of the formerly socialist countries have made significant strides in privatization, they have all found it immensely difficult, both politically and practically, to dismantle large enterprises, given the massive unemployment and economic dislocation that would result.
Yet these enterprises constitute a heavy burden on fledgling economies by drawing scarce funds away from profitable investments, notably in the private sector.Comparing four countries that are rarely juxtaposedRussia, Poland, Hungary, and the Czech Republic (with frequent references made also to Chinathe authors draw out the important similarities and differences among them and discuss implications for the future. The first systematic, genuinely comparative analysis of the biggest hurdle to the development of true market economies, this study, with its wealth of data and informed interpretation, will be essential reading for students and scholars alike. }
Table of Contents
Introduction Intitial Conditions and Performance During Transition Policies Affecting State Enterprises Poland The Czech Republic Hungary Russia Conclusions, Lessons, Prospects
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