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 …