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Sunday, July 26, 2020 | History

3 edition of Time to Rethink Privatization in Transition Economies? (Discussion Paper (International Finance Corporation)) found in the catalog.

Time to Rethink Privatization in Transition Economies? (Discussion Paper (International Finance Corporation))

by John R. Nellis

  • 296 Want to read
  • 23 Currently reading

Published by World Bank Publications .
Written in English

    Subjects:
  • Transitional economies,
  • Privatization,
  • Business & Economics,
  • Business / Economics / Finance,
  • Business/Economics,
  • Russia,
  • Development - Economic Development,
  • 1989-,
  • Economic policy,
  • Europe, Eastern,
  • Russia (Federation)

  • The Physical Object
    FormatPaperback
    Number of Pages29
    ID Numbers
    Open LibraryOL11416618M
    ISBN 100821345036
    ISBN 109780821345030

    Government in transition. European Economic Review, – Google Scholar; Smith D. J. Will privatization lead to competition in the British power industry? Power Engineering, 93(11): 35– Google Scholar; Spulber N. Redefining the state: Privatization and welfare reform in industrial and transitional economies. New York. John Nellis, Time to Rethink Privatization in Transition Economies?, FIN. & DEV., June 1, , at 3. Anna Tarassova was a senior legal advisor to the Russian Privatization Ministry during mass privatization and later a senior legal advisor to the Russian Securities Commission. She par-.

    During the decade of the s, about 6, firms were privatized throughout the world. During the first half of the s, in contrast, well o medium- and large-scale enterprises have been privatized in these transition economies--almost 10 times the number in half the time. despite their massive privatization programs, because of their relatively low levels of development and the wide-spread use of “voucher privatization,” transition economies only generated 5 percent of the total global privatization proceeds between and Estrinindd 3 8/24/09 PM.

      This paper examines determinants of privatization in transition countries. Empirical studies of privatization are few and even fewer formal empirical . Downloadable! Investigating the effects of privatization in transition countries is the focus of a large body of current research. Generally, privatization stimulates private sector development, attracts foreign direct investment, fosters competition and contributes to the formation of stock markets. In addition, privatization may improve individual enterprises’ performance.


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Time to Rethink Privatization in Transition Economies? (Discussion Paper (International Finance Corporation)) by John R. Nellis Download PDF EPUB FB2

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It is time to rethink privatization, but only in those transition countries where history, geography, and politics have resulted in seemingly laudable economic policies producing clearly suboptimal outcomes.

In Russia and elsewhere, too much was expected of privatization. But admissions of error should not be overdone. Time to rethink privatization in transition economies.

Washington, D.C.: World Bank, (OCoLC) Material Type: Government publication, International government publication, Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: John R Nellis.

Time to rethink privatization in transition economies?. [John R Nellis] -- Annotation"It is now universally acknowledged that ownership matters; that private ownership in and of itself is a major determinant of good performance in firms.

So the answer is: Yes, it is time to rethink privatization, at least in those transition settings where history, geography, and politics have so readily channeled seemingly laudable economic policy. In "Time to Rethink Privatization in Transition Economies?" John Nellis looks at what happens when the shift to private ownership gets far out in front of the effort to build the institutional underpinnings of a capitalist economy.

The emphasis is on what went wrong and what, if anything, can be done to correct it. Worldwide, evidence is increasing that privatization improves firm performance. But in some institutionally-weak transition economies, ownership change has so far not delivered on its promise. Why.

Mass and rapid privatization schemes turned over mediocre assets to people lacking the incentives, skills and resources to manage them well.

It is time to rethink privatization, but only in those t ransition countries where history,geography,and politics have resulted in seemingly laudable economic policies producing clearly suboptimal Russia and elsewhere,too much was expected of privatization.

Time to rethink privatization in transition economies. (English) Abstract. Worldwide, increasing evidence suggest that privatization improves firm performance.

But in some institutionally-weak transition economies, ownership change has so far, not delivered on its promise. The paper responds that mass, and rapid privatization Cited by: Time to rethink privatization in transition economies. (英语) 摘要. Worldwide, increasing evidence suggest that privatization improves firm performance.

But in some institutionally-weak transition economies, ownership change has so far, not delivered on its promise. The paper responds that mass, and rapid privatization. Time to rethink privatization in transition economies. (Английский) Аннотация. Worldwide, increasing evidence suggest that privatization improves firm performance.

But in some institutionally-weak transition economies, ownership change has so far, not delivered on its promise. The paper responds that mass, and rapid privatization.

Chapter 3 Mass privatization in transition economies; Chapter 4 Why is China so Different from Other Transition Economies. Chapter 5 Privatization in Romania from to ; Chapter 6 Balkan latecomer: The case of Serbian privatization; Chapter 7 The Rise and Fall of Russian Privatization; Chapter 8 Methods and Institutions – How do They.

Time to Rethink Privatization in Transition Economies. Worlwide, evidence is increasing that privatization improves firm performance. But in some institutionally-weak transition economies, ownership change has so far not delivered on its promise.

When the transaction extends over a long period of time and is potentially affected by unforeseen contingencies, one party may be exposed to the risk of exploitation when some relation-specific investments must be made. Basic Books. Google Scholar Time to Rethink Privatization in Transition Economies?.

programs. Privatization in (nominally or real) capitalist economies occurred in individual cases and as isolated transactions, and was not, as in transition economies, comprehensive process aimed to start complete change of social sys-tem. Privatization on the West is. Privatisation and Structural Change in Transition Economies brings together specialists from different areas (governance, regulation, macro-econometrics, micro-econometrics, enterprise culture, foreign direct investment, technology transfer) to focus on the many different aspects of the privatization process in transition economies.

The book. Nellis, J. () “Time to rethink privatization in transition economies?” Discussion Paper #38, International Finance Corporation, Washington, D.C. CrossRef Google Scholar Perotti, E. () “Credible privatization,” American Economic Review, – Nellis, J.

(), Time to Rethink Privatization in Transition Economies?, Working Papers, World Bank - International Finance Corporation. [8] United Nations (). Nellis, J. (), Time to Rethink Privatisation in Transition Economies. Finance and Development, 36(2), June, pp Competition and corporate governance: substitutes or complements.

meant that privatization was a central aspect of building a market economy in all the transition economies. Indeed, to quote Dusan Triska in “privatization is not just one of the many items on the economic program. It is the transformation itself.” (see Estrin, ).

Time to rethink privatization in transition economies? Discussion paper No. Washington, DC. International Finance Corporation.

Google Scholar; Nelson R. (Ed.). National innovation systems: A comparative analysis. New York: Oxford University Press. Google Scholar; Nelson R., Winter S. An evolutionary theory of the firm.PART I THE THEORY OF PRIVATISATION 1.

James M. Buchanan (), 'From Private Preferences to Public Philosophy: The Development of Public Choice' 2. David E. Sappington and Joseph E. Stiglitz (), 'Privatization, Information and Incentives' 3. Carl Shapiro and Robert D. Willig (), 'Economic Rationales for the Scope of Privatization' 4.A political-economic model for privatization will be developed and then tested on progress in large-scale and small-scale privatizations in 14 Central and Eastern European transition economies.