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Small Privatization: The Transformation of Retail Trade and Consumer Services in the Czech Republic, Hungary, and Poland (CEU Privatization Reports) - Softcover

Earle, John S.; Frydman, Roman; Rapaczynski, Andrzej; Turkewitz, Joel

 
9781858660073: Small Privatization: The Transformation of Retail Trade and Consumer Services in the Czech Republic, Hungary, and Poland (CEU Privatization Reports)

Synopsis

In this important study, the authors use new material to augment their earlier contributions to understanding the economic and political transformations now taking place in Poland, Hungary, and the Czech Republic.

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From the Back Cover

This Third Volume in the acclaimed series of CEU Privatization Reports deals with the transition to a free market in retail trade and consumer services in Poland, Hungary, and the Czech Republic. The authors describe and analyze all the programs with the help of which shops, restaurants, and service establishments have been privatized in the three most advanced postcommunist countries and provide detailed quantitative evidence concerning all aspects of the small privatization process. The volume also presents the results of the first extensive empirical survey of privatized establishments in the three countries and draws important conclusions concerning the conditions necessary for a successful privatization of the retail trade and consumer service sectors in Eastern Europe. The authors argue that small privatization is, above all, a transfer of ownership to commercial real estate and that the nature of the rights conveyed to the new owners makes a great difference with respect to postprivatization restructuring. They also show that the presence of outside owners, not connected with predecessor state establishments, is one of the most important factors determining the extent of changes brought about by small privatization.

About the Author

John S. Earle teaches economics at Stanford University and the Central European University in Prague, Czech Republic.

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