The Treuhandanstalt, privatization and the role of the courts
The paper considers how the Treuhandanstalt's legal identity as both a publicand private entity helps to explain the process of privatization or creation of property by the state after 1989. I argue the agency did not easily fit within the rigid categories of the German legal system. Moreover, its hybrid status limitedthe degree to which individuals or groups could make use of the courts to holdthe agency accountable. As neither a fully public nor fully private entity, the agency's status successfully circumvented a number of traditional forms ofcontrol that exist in both public and private agencies in Germany. As a result, privatization was defined in a very narrow neo-liberal sense despite what one would predict from the standard accounts of the German Model.
|Date of creation:||1996|
|Date of revision:|
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- Carlin, Wendy, 1993. "Privatization and Deindustrialization in East Germany," CEPR Discussion Papers 892, C.E.P.R. Discussion Papers.
- Priewe, Jan, 1993. "Privatisation of the Industrial Sector: The Function and Activities of the Treuhandanstalt," Cambridge Journal of Economics, Oxford University Press, vol. 17(3), pages 333-48, September.
- Naujoks, Petra & Sander, Birgit & Schmidt, Klaus-Dieter, 1992. "Von der Privatisierung zur Sanierung - Kursänderung bei der Treuhandanstalt," Open Access Publications from Kiel Institute for the World Economy 1541, Kiel Institute for the World Economy (IfW).
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