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Privatization and public enterprise reform in the Asia‐Pacific region

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  • Ian Livingstone

Abstract

Privatization in both Lao PDR and Cambodia occurred as part of a process of overall economic liberalization. In both cases, privatization was effectively forced upon the governments concerned as a result of the sudden withdrawal of Soviet assistance and loss of previous trade links with Eastern Europe. Consequently, privatization in the industrial sector was executed with great rapidity in both cases, and carried out alongside the re‐establishment of a legal framework and other measures designed to encourage private, especially foreign, investment.

Suggested Citation

  • Ian Livingstone, 1997. "Privatization and public enterprise reform in the Asia‐Pacific region," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 2(2), pages 225-238.
    • Handle: RePEc:taf:rjapxx:v:2:y:1997:i:2:p:225-238
    DOI: 10.1080/13547869708724618
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