Privatizing government enterprises is one of the most difficult tasks in the transformation process taking place in the former socialist economies. What contribution do management buy-outs have to make in coping with that task?

Die Privatisierung der staatlichen Unternehmen ist eine zentrale, wenn nicht die zentrale Aufgabe in der Transformationspraxis der ehemals sozialistischen Volkswirtschaften. Die Übernahme von Betrieben durch das Management (Management Buy-Out) kann bei der Bewältigung dieser Aufgabe einen...

Concrete steps aimed at combating global warming (or the "greenhouse effect") are intended to be decided at the United Nations Conference on Environment and Development, which is to be held in Rio de Janeiro in June 1992. So far, it has not proved possible to reach a consensus on several...

When the Soviet Union was broken up at the end of 1991, the Russian Federation inherited a large industrial sector which was, however, hardly capable of surviving under market conditions. At about the same time market oriented reforms were begun. What has been accomplished so far? What are the...

Die Entscheidung über die Privatisierung der Unternehmen der Deutschen Bundespost ist mit der Verabschiedung der sogenannten Postreform II durch den Bundesrat gefallen. 1996 wird die Deutsche Bundespost Telekom als erstes der drei Postunternehmen an die Börse gehen. Für die Telekom, deren...

The provision of assistance in the privatisation process is a key element of Western technical aid for Russia. The first part of this article describes the influence the largest Western donors have in Russia and the activities they have performed in connection with the provision of privatisation...