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The paper characterizes the feasibility of economic transformation as requiring the simultaneous attainment of macroeconomic stability, political support, and adequate private investment. Macroeconomic stability is defined as fiscal balance; political feasibility is related to the income gains and...
Persistent link: https://www.econbiz.de/10005605396
This paper deals with the privatization, restructuring, and liquidation of East German industrial firms. A partnership … model is suggested for privatization where the Government’s property trust (Treuhandanstait (THA)) is made a silent partner …
Persistent link: https://www.econbiz.de/10005768873