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Privatizing Eastern Europe: The Role of Markets and Ownership in the Transition (International Studies in Economics and Econometrics) - Hardcover
With the revolutions in eastern Europe since mid-1989, two main transformations are envisaged: pluralistic political democracy and a market economy based largely on private property and self-interest. One element that straddles those two objectives is what to do with state-owned property during the transition from a planned to a market environment. Privatizing Eastern Europe looks at the economic goals that may be pursued in various ways: by taking the state out of the allocation of the service streams of existing capital assets in general and state-owned enterprises in particular.
The volume advocates the urgency of taking politics out of resource allocation. Since this cannot be done through divestment, particularly for large assets, it is imperative that alternatives be put in place at the earliest possible opportunity in the economic transformation. For petty assets (housing, small shops, handicrafts, restaurants, etc.) quick divestment is desirable. For other assets, the principal agent problem will need to be taken care of by investing management with the task of acting in the interest of real owners.
The volume advocates the urgency of taking politics out of resource allocation. Since this cannot be done through divestment, particularly for large assets, it is imperative that alternatives be put in place at the earliest possible opportunity in the economic transformation. For petty assets (housing, small shops, handicrafts, restaurants, etc.) quick divestment is desirable. For other assets, the principal agent problem will need to be taken care of by investing management with the task of acting in the interest of real owners.
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- PublisherSpringer
- Publication date1992
- ISBN 10 0792318617
- ISBN 13 9780792318613
- BindingHardcover
- Edition number1
- Number of pages344
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Privatizing Eastern Europe: The Role of Markets and Ownership in the Transition
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SPRINGER NATURE Jul 1992
(1992)
ISBN 10: 0792318617
ISBN 13: 9780792318613
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Book Description Buch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -With the revolutions in eastern Europe since mid-1989, two main transformations are envisaged: pluralistic political democracy and a market economy based largely on private property and self-interest. One element that straddles those two objectives is what to do with state-owned property during the transition from a planned to a market environment. Privatizing Eastern Europe looks at the economic goals that may be pursued in various ways: by taking the state out of the allocation of the service streams of existing capital assets in general and state-owned enterprises in particular. The volume advocates the urgency of taking politics out of resource allocation. Since this cannot be done through divestment, particularly for large assets, it is imperative that alternatives be put in place at the earliest possible opportunity in the economic transformation. For petty assets (housing, small shops, handicrafts, restaurants, etc.) quick divestment is desirable. For other assets, the principal agent problem will need to be taken care of by investing management with the task of acting in the interest of real owners. 348 pp. Englisch. Seller Inventory # 9780792318613
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Privatizing Eastern Europe : The Role of Markets and Ownership in the Transition
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Springer New York
(1992)
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Book Description Buch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - With the revolutions in eastern Europe since mid-1989, two main transformations are envisaged: pluralistic political democracy and a market economy based largely on private property and self-interest. One element that straddles those two objectives is what to do with state-owned property during the transition from a planned to a market environment. Privatizing Eastern Europe looks at the economic goals that may be pursued in various ways: by taking the state out of the allocation of the service streams of existing capital assets in general and state-owned enterprises in particular. The volume advocates the urgency of taking politics out of resource allocation. Since this cannot be done through divestment, particularly for large assets, it is imperative that alternatives be put in place at the earliest possible opportunity in the economic transformation. For petty assets (housing, small shops, handicrafts, restaurants, etc.) quick divestment is desirable. For other assets, the principal agent problem will need to be taken care of by investing management with the task of acting in the interest of real owners. Seller Inventory # 9780792318613
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Privatizing Eastern Europe: The Role of Markets and Ownership in the Transition (International Studies in Economics and Econometrics) by Van Brabant, J.M. [Hardcover ]
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Book Description Hardcover. Condition: new. This item is printed on demand. Seller Inventory # 9780792318613
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Privatizing Eastern Europe: The Role of Markets and Ownership in the Transition
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Kluwer Academic Publishers
(1992)
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Book Description Hardback. Condition: New. This item is printed on demand. New copy - Usually dispatched within 5-9 working days. Seller Inventory # C9780792318613
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