This paper discusses the most important theoretical contributions to the literature on privatization, focusing on … emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of … privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting …

postponing large-scale privatization of state-owned enterprises. Hence, it is not evident what kind of market economy will emerge …

The debate on the privatization of enterprises in Eastern Europe often presumes that enterprises are still controlled … adopt a myopic attitude, and neglect the long-run profitability of their firms. Centrally organized privatization programs …. However, such privatization programs challenge the present position of managers, workers, and local bureaucrats. The insiders …