Privatization in Eastern Europe: Is the State withering away?

Frydman, Roman / Rapaczynski, Andrzej:

ISBN 10: 1858660041 / ISBN 13: 9781858660042

Published by Central European University Press Budapest, 1994

About this Item

221 Seiten altersentsprechend gebrauchtes gutes Bibl.-Exemplar, Einband leicht berieben/angestoßen, Inhalt ist gut bis sehr gut erhalten ha1004666 Sprache: Englisch Gewicht in Gramm: 450.

Seller Inventory # 106230

Bibliographic Details

• Title: Privatization in Eastern Europe: Is the State withering away?
• Publisher: Central European University Press Budapest
• Publication Date: 1994
• Language: English
• ISBN 10: 1858660041
• ISBN 13: 9781858660042
• Binding: Broschur 23x15
• Edition: 1. Auflage.
• Condition: Gut
• Weight: 450 grams
• Seller catalogs:
  • Fremdsprachige Bücher

About this title

Synopsis

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.

About the Author

Andrzej Rapaczynski is Daniel G. Ross Professor of Law; Joseph Solomon Professor of Wills, Trusts, and Estate Planning at the Columbia Law School.