It is a typical case in the practice of reforms, when a reformer, who seeks to introduce an institution with desired properties, discovers that its immediate implementation is impossible because of resource, technological, cultural, political or institutional constraints. In this case, one has...

The economic "battle" that took place in Russia in 1992 consisted of the struggle between the liberally-oriented government and the labor collectives, the latter of which regarded the government's reform program as an attempt to encroach upon the established system of collective property. The...

Recent studies of processes of economic reforms testified that realization of liberal school recipes resulted in nonadequate losses. Basing on these studies,the author singles out a number of fundamental mistakes of the neoliberal conception. The neoliberals ignored costs of institutional...

An attempt is made to define main problems of the privatization theory and to present a survey of some results in this area. Two models are discussed that demonstrate paradoxical consequences of property right restrictions and dynamics of property right redistribution which entails a...

The document is an analytical report on the impact of structural reforms in the Bolivian telecommunications industry initiated in 1994-95. With the Capitalization Law, the Regulatory System Law and the Telecommunications Law in particular, the telecommunications industry is in transition to full...

The document is an analytical report on the initial results of the impact of structural reforms on investment for the period 1980-97 in general and the more recent structural reforms in the infrastructure industries in particular. In the context of these reforms it explores the connection...