 Employee Ownership in Polish PrivatizationsDomenico Mario Nuti ()
Chapter 17 in Collected Works of Domenico Mario Nuti, Volume II, 2023, pp 387-406 from Palgrave Macmillan Abstract: Abstract Large-scale privatization of state assets is the distinctive feature of the recent transformation of Central East European economies, with respect to all earlier attempts at reforming the Soviet type system. Poland was among the first in announcing it (September 1989) and launching it (with the Act on the Privatization of State Enterprises, 13 July 1990); Hungary’s earlier initiative (1988) was designed to regulate spontaneous private appropriation by insiders rather than to radically transform the system, while Yugoslavia’s 1989 privatization law applied to a different ownership regime. On the eve of transformation Poland already had a significant private sector, not only in agriculture but also in non-agricultural sectors. In 1989 private agriculture amounted to 75 per cent of the land, about 10 per cent of GDP and 21 per cent of employment (Rapacki and Linz 1992); in the 1980s non-agricultural private activities trebled to about 10 per cent of GDP and employment, including manufacturing as well as traditionally private activities such as trade, catering and services. Date: 2023 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-031-23167-4_17 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-23167-4_17 Access Statistics for this chapter More chapters in Studies in Economic Transition from Palgrave Macmillan |
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