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Lessons from Eastern Europe's Voucher Privatization

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  • David Ellerman
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    Abstract

    Several years have passed since the failure of shock therapy to create a vibrant market economy in Russia. Some of the architects of the original plans have admitted that their strategies were naive, incomplete, or excessively ambitious. Others still insist there were no viable alternatives. In this thorough piece, a World Bank economist assesses why voucher privatization in particular was such a popular reformist tool and why it was doomed from the beginning.

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    File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=91XT75U5NT8H6KRM
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    Bibliographic Info

    Article provided by M.E. Sharpe, Inc. in its journal Challenge.

    Volume (Year): 44 (2001)
    Issue (Month): 4 (July)
    Pages: 14-37

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    Handle: RePEc:mes:challe:v:44:y:2001:i:4:p:14-37

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    Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=106043

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    Cited by:
    1. Lawrence King & Patrick Hamm, 2005. "Privatization and State Capacity in Postcommunist Society," William Davidson Institute Working Papers Series wp806, William Davidson Institute at the University of Michigan.

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