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Employee Ownership in Polish Privatizations

In: Collected Works of Domenico Mario Nuti, Volume II

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  • Domenico Mario Nuti

    (University of Rome)

Abstract

Large-scale privatization of state assets is the distinctive feature of the recent transformation of Central East European economies, with respect to all earlier attempts at reforming the Soviet type system. Poland was among the first in announcing it (September 1989) and launching it (with the Act on the Privatization of State Enterprises, 13 July 1990); Hungary’s earlier initiative (1988) was designed to regulate spontaneous private appropriation by insiders rather than to radically transform the system, while Yugoslavia’s 1989 privatization law applied to a different ownership regime. On the eve of transformation Poland already had a significant private sector, not only in agriculture but also in non-agricultural sectors. In 1989 private agriculture amounted to 75 per cent of the land, about 10 per cent of GDP and 21 per cent of employment (Rapacki and Linz 1992); in the 1980s non-agricultural private activities trebled to about 10 per cent of GDP and employment, including manufacturing as well as traditionally private activities such as trade, catering and services.

Suggested Citation

  • Domenico Mario Nuti, 2023. "Employee Ownership in Polish Privatizations," Studies in Economic Transition, in: Saul Estrin & Milica Uvalic (ed.), Collected Works of Domenico Mario Nuti, Volume II, chapter 17, pages 387-406, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-3-031-23167-4_17
    DOI: 10.1007/978-3-031-23167-4_17
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