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State and Denationalization: Risks and Constraints of a “New Privatization Policy”

Author

Listed:
  • Revold Entov

    (Gaidar Institute for Economic Policy)

  • Alexander Radygin

    (Gaidar Institute for Economic Policy)

  • Yuri Simachev

    (Gaidar Institute for Economic Policy)

Abstract

It will be some time before we can fully appreciate the radical nature of the socio-economic effects produced by the global crisis of the end of the first decade of the twenty first century. However, it is already evident that the two leading market economic systems of the Western world – that of the USA, based on an ideology of free market competition, and the socially oriented system of Europe, were unable adequately to respond to the initial phase of the crisis. Moreover, the only measures that proved capable of preventing financial and economic collapse were those taken by states that possessed powerful levers for acting upon the economy as the crisis unfolded. Russia was one of these states, though circumstances in Russia were not typical.

Suggested Citation

  • Revold Entov & Alexander Radygin & Yuri Simachev, 2012. "State and Denationalization: Risks and Constraints of a “New Privatization Policy”," Working Papers 0039, Gaidar Institute for Economic Policy, revised 2012.
  • Handle: RePEc:gai:wpaper:0039
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    File URL: http://www.iep.ru/files/RePEc/gai/wpaper/0039Radygin.pdf
    File Function: Revised version, 2012
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    More about this item

    Keywords

    privatization; Russian economy; public sector; de-statification;

    JEL classification:

    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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