and legal reasons. There is some hesitation about privatization, as for foreign direct investment, and, where accepted …, about the precise timing. Where privatization of basic service monopolies occurs, the role of the state shifts towards a …

all the post-communist countries have become market economies and have achieved macroeconomic stability. Privatization was … has occurred. What went wrong? How could privatization be done better, or be defended? What should be done to defend … private enterprise in the future? This paper argues that the nature of privatization is far less important than the …

privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …

policy towards a more active role of the state, and use privatization policy as an example. The authors examine the effects … of the privatization policy and point to a large unfinished agenda in ownership transformation that has had an adverse … the pace of privatization. They find out that it is the increasing capture of the state by rent-seeking groups, and not …