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 …

Mass privatization is the centerpiece of policies aiming to sever the old links between state and enterprise and to … the effect of mass privatization. We present a detailed picture of those relations for Mongolia, which has implemented a … comprehensive voucher-privatization scheme. The state interacts with enterprises in multifarious ways, many inconsistent with the …