Privatisation in the transition to a market economy
The debate on privatisation, which now concerns Central and Eastern Europe as it transitions to a market-based economy, has centred mostly on the speed of the process, leaving aside important aspects related to the implementation of proper institutional frameworks. The work discusses this issue, reviewing the privatisation experiences of Central and Eastern European countries to date. The theoretical rational for privatisation in these countries is identified, various methods are reviewed and their application to the countries in question are addressed. Targets, constraints and implications are identified and a preliminary assessment is provided.
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