privatized firms there is no positive relationship between firms’ ability to pay and wage increases. Privatization appears …

experience of Hungary, Poland and Czechoslovakia in these areas, and reviews in detail their privatization plans for the three … extremely rapid rate of ownership change. While all countries will use a mixture of privatization methods, Hungary intends to … practice requires some important institutional developments such as the creation of Privatization Funds (as suggested in Poland …

reform. A crucial role could be played by intermediaries playing the role of venture capital funds. …