specifically in the context of the successes in Poland, the Czech Republic, and Hungary. The author notes a substantial difference … property rights and with industrial relations based on market economy rules. Unlike the public sector or privatized firms, the … labor force of these firms is not demoralized by the change to market-economy rules. As a result, they often perform better …

The transformation of state-owned enterprises into privately owned ones is commonly referred to as 'privatization … after a period of state communism has come to an end. The authors rightly focus on the aftermath of the end of communism by …