private sector. This is consistent with the market-oriented approach of the WTO. Remaining state agencies and enterprises will … 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 … unsustainable because of strong popular sentiments against the private ownership of big enterprises. Substantial renationalization … has occurred. What went wrong? How could privatization be done better, or be defended? What should be done to defend …