Privatization In Europe
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Author | : Roman Frydman |
Publisher | : Central European University Press |
Total Pages | : 239 |
Release | : 1994-01-01 |
Genre | : Business & Economics |
ISBN | : 9633864917 |
Download Privatization in Eastern Europe Book in PDF, Epub and Kindle
In Eastern Europe privatization is now a mass phenomenon. The authors propose a model of it by means of an illustration from the example of Poland, which envisages the free provision of shares in formerly public undertakings to employees and consumers, and the provision of corporate finance from foreign intermediaries. One danger that emerges is that of bureaucratization. On the broader canvas, mass privatization implies the reform of the whole system, the creation of a suitable economic infrastructure for a market economy and the institutions of corporate governance. The authors point out the need for a delicate balance between evolution - which may be too slow - and design - which brings the risk of more government involvement than it is able to manage. A chapter originating as a European Bank working paper explores the banking implications of setting up a totally new financial sector with interlocking classes of assets. The economic effects merge into politics as the role of the state is investigated. Teachers and graduate students of public/private sector economies, East European affairs; advisers to bankers or commercial companies with Eastern European interests.
Author | : Judith Clifton |
Publisher | : Springer Science & Business Media |
Total Pages | : 178 |
Release | : 2013-03-09 |
Genre | : Business & Economics |
ISBN | : 1475737335 |
Download Privatisation in the European Union Book in PDF, Epub and Kindle
Judith Clifton, Francisco Comín and Daniel Díaz Fuentes in Privatisation in the European Union reject the two dominant explanations provided in literature, which include a simple 'Americanisation' of policy and a 'varied' privatisation experience without a common driving force. Using a systematic comparative analysis of privatisation experiences in each country from the 1980s to the beginning of the twenty first century, the authors show how the process of European integration and the need for internationally competitive industries have constituted key driving forces in the quest for privatisation across the EU. As privatisation slows down at the turn of the millennium, what future can citizens expect for public enterprises? Privatisation in the European Union is essential reading for researchers, students and policy-makers interested in privatisation, EU policy and the history of public enterprises.
Author | : Michal Mejstrík |
Publisher | : Springer Science & Business Media |
Total Pages | : 346 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461563518 |
Download The Privatization Process in East-Central Europe Book in PDF, Epub and Kindle
It is beyond any doubt that East-Central European countries such as Czech Republic, Hungary, Poland and Slovakia has dramatically changed its shape through its radical transition from centrally planned to the market economies in last 7 years. Many economists divide the process of economic transformation into areas of Stabilization, Liberalization, and Privatization/Restructuring. The traditional view is that stabilization and liberalization can be achieved rather quickly-by balancing budgets, balance of payments, tightening money supply, freeing prices and liberalizing trade-but that the area of privatization is one that could be moved to the future and will require much more time. Until 1991, none of the post-communist nations except former East Germany (which had a large decree of support from West Germany) had succeeded in privatizing large numbers of enterprises, even though more than two years had passed since the changes in government in these nations. The privatization has been, however, seen as an extremely important part of reform package together with stabilization and liberalization especially in the Czech Republic from the very beginning. The Czechs originally as a part of the Czechoslovak Federal Republic embarked on an unprecedented path that should have lead not only to stabilization and liberalization, but also to very rapid, mass privatization of its sector of large enterprises that have dominated its economy to an extreme extent.
Author | : David Parker |
Publisher | : Routledge |
Total Pages | : 286 |
Release | : 2002-01-31 |
Genre | : Business & Economics |
ISBN | : 113473350X |
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The book identifies different national characteristics in terms of the motivation to privatise, the scale of privatization and its consequences. In the opening chapters there is a detailed overview of the theoretical economic issues involved in privatisation and an assessment of privatization across the EU. The remaining ten chapters contain national case studies of EU countries which review the history of state ownership and privatization in each of these countries and evaluate the extent of privatisation. The role of European Commission directives in deregulating markets and stimulating privatisation is also examined.
Author | : D. Palcic |
Publisher | : Springer |
Total Pages | : 284 |
Release | : 2011-01-19 |
Genre | : Business & Economics |
ISBN | : 0230297579 |
Download Privatisation in Ireland Book in PDF, Epub and Kindle
This book analyzes privatization in Ireland, a European economy that has experienced rapidly changing fortunes over the last thirty years. It examines the effects of privatization in terms of corporate performance, public finances and the distributional aspects of privatization including the impact on employment and share ownership.
Author | : J.M. Van Brabant |
Publisher | : Springer Science & Business Media |
Total Pages | : 343 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9401128340 |
Download Privatizing Eastern Europe Book in PDF, Epub and Kindle
This volume is meant to be a modest contribution to the ongoing debate about the transitions away from the administrative planning environment typical of the former communist regimes. The central subject matter is a fairly special one, namely the privatization of these economies together with the restoration and effective monitoring of property rights. These are paramount tasks of the ongoing transformations once progress toward pOlitical democracy is secured. Though I would not allot divestment of existing state-owned assets the kind of pivotal importance that some observers reserve for it, changing rules on the utilization of these assets is evidently at the core of what the transition toward market-based economic systems should be all about. Rather than examining the entire range of issues that surround the controvery on privatization, this volume is primarily concerned with the economics of taking the state out of the decision making about existing assets. Among the several aspects of this discussion three stand out. One is the establishment of clear property rights. This is fundamental to minimize trans action costs in an environment where decisions will increasingly be taken by independent economic agents acting on their own account. Second, I look only incidentally at the various angles of creating capital markets, particularly for existing assets, in these economies.
Author | : Christoph Hermann |
Publisher | : Routledge |
Total Pages | : 226 |
Release | : 2013-02-15 |
Genre | : Business & Economics |
ISBN | : 1136316183 |
Download Privatization of Public Services Book in PDF, Epub and Kindle
Public services throughout Europe have undergone dramatic restructuring processes in recent years in connection with liberalization and privatization. While evaluations of the successes of public services have focused on prices and efficiency, much less attention has been paid to the impacts of liberalization and privatization on employment, labor relations, and working conditions. This book addresses this gap by illustrating the ways in which liberalization has contributed to increasing private and foreign ownership of public services, the decentralization of labor relations has amplified pressure on wages, and decreasing employment numbers and increasing workloads have improved productivity partly at the cost of service quality. Examining diverse public-service sectors including network industries, public transportation, and hospitals, and using international case studies, Privatization of Public Services covers a wide range of aspects of service provision, with particular emphasis on companies and workers. The result is a unique picture of the changes created by the liberalization processes in Europe.
Author | : Marica Frangakis |
Publisher | : Springer |
Total Pages | : 280 |
Release | : 2009-11-05 |
Genre | : Political Science |
ISBN | : 0230250688 |
Download Privatisation against the European Social Model Book in PDF, Epub and Kindle
This book addresses the EU as powerful driver of the wave of privatizations in the network industries and public services since the early 1990s. Based on theoretical arguments and empirical studies it examines the impact of these policies on what is regarded as the normative pillars of the European Social Model.
Author | : Roman Frydman |
Publisher | : |
Total Pages | : 246 |
Release | : 1994 |
Genre | : Business & Economics |
ISBN | : |
Download Privatization in Eastern Europe Book in PDF, Epub and Kindle
The creation of new economic and legal mechanisms to replace the fallen communist systems of Eastern Europe must surely count as one of the greatest organizational challenges of this century, and economists and politicians alike are constantly grappling with the enormity of the transformation to be achieved. In this volume, the authors give an in depth explanation of their now widely adopted approach to 'privatizing privatization' and chart the evolution of their thinking, particularly in reaction to real events and prevailing conditions. Expanding on the theme of transferring ownership to the private sector through a system of free vouchers and independent intermediaries, Professors Frydman and Rapaczynski address the dangers of bureaucratization and the delicate balance between the evolutionary elements and imposed regulations that must be achieved to make the transition a success. The perfect companion volume to The Privatization Process in Central Europe, this collection of essays provides a brilliant explanation of the most widely accepted theory of privatization in Eastern Europe today.
Author | : Ferdinando Targetti |
Publisher | : Dartmouth Publishing Company |
Total Pages | : 262 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : |
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Examines the process of privatization in Eastern and West Europe and considers whether the experiences acquired by the Western countries can be of help to the ex-socialist countries as they undergo transformation, or whether wholly new processes are required.