Chapter 3 Mass privatization in transition economies

Daniel Kopf, Ira W. Lieberman and Raj M. Desai

A chapter in Privatization in Transition Economies: The Ongoing Story, 2007, pp 137-172 from Emerald Group Publishing Limited

Abstract: The distribution of state property to the private sector has always been and will continue to be intensely political. Relinquishing hiring, production, investment, and other enterprise decisions constitute a significant loss of potential rents to those who exercise control rights in state-owned enterprises. Additionally, the large transfer of wealth that privatization on a large-scale entails, combined with the potential for unemployment, loss of access to enterprise-based social services (which were substantial in state-socialist economies) threatens to undermine public support for privatization and reform in general.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:eme:csefzz:s1569-3759(07)00003-4

DOI: 10.1016/S1569-3759(07)00003-4

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