Privatisation and Structural Change in Transition Economies

Privatisation has emerged as one of the most important policy instruments in attempting productive transformation of former state enterprises in transition economies. 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 privatisation process in transition economies. The book does not dwell on the administrative or procedural aspects of privatisation. Instead it attempts to understand the bigger picture in terms of underlying policy environment and supporting legal and economic measures which helped to a large extent to determine the eventual success or failure of privatisation programmes. The book presents a detailed comparison between the outcome of privatisation successes and failures in Central Eastern Europe and Central Asia. The comparison is based on the analytical framework on privatisation and corporate governance in transition economies, presenting empirical data on several privatisation programmes and achievements.