Record ID | ia:timetorethinkpri0000nell_a1c0 |
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100 1 $aNellis, John R.
245 10 $aTime to rethink privatization in transition economies?.
260 $aWashington, D.C. :$bWorld Bank,$c1999.
300 $a1 online resource (ix, 29 pages)
336 $atext$btxt$2rdacontent
337 $acomputer$bc$2rdamedia
338 $aonline resource$bcr$2rdacarrier
347 $atext file$bPDF$2rda
490 1 $aDiscussion paper / IFC ;$vno. 38
504 $aIncludes bibliographical references.
520 8 $aAnnotation$b"It is now universally acknowledged that ownership matters; that private ownership in and of itself is a major determinant of good performance in firms ... Decent economic policy and well-functioning legal and administrative institutions ... matter greatly as well."This paper 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 why and what, if anything, can be done to be correct it. Proposals include renationalization and/or postponement of further privatization, both to be accompanied by measures to strengthen the managerial capacities of the state. Neither approach seems likely to produce short-term improvements. The regrettable fact is that governments that botch privatization are equally likely to botch the management of state-owned firms. In a number of Central European transition countries, privatization is living up to expectations; and there is no need for such measures. For institutionally-weak countries, the less dramatic but reasonable short-term course of action is to push ahead more slowly with case- by-case and tender privatization in cooperation with the international assistance community in hopes of producing some success stories that will lead by example.
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533 $aElectronic reproduction.$b[Place of publication not identified] :$cHathiTrust Digital Library,$d2010.$5MiAaHDL
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588 0 $aPrint version record.
650 0 $aPrivatization$zEurope, Eastern.
650 0 $aPrivatization$zRussia (Federation)
651 0 $aEurope, Eastern$xEconomic policy$y1989-
651 0 $aRussia (Federation)$xEconomic policy$y1991-
650 6 $aPrivatisation$zEurope de l'Est.
650 6 $aPrivatisation$zRussie.
651 6 $aEurope de l'Est$xPolitique économique$y1989-
651 6 $aRussie$xPolitique économique$y1991-
650 7 $aPOLITICAL SCIENCE$xPublic Policy$xEconomic Policy.$2bisacsh
650 7 $aBUSINESS & ECONOMICS$xGovernment & Business.$2bisacsh
650 7 $aBUSINESS & ECONOMICS$xDevelopment$xEconomic Development.$2bisacsh
650 7 $aBUSINESS & ECONOMICS$xDevelopment$xBusiness Development.$2bisacsh
650 7 $aBUSINESS & ECONOMICS$xStructural Adjustment.$2bisacsh
650 7 $aBUSINESS & ECONOMICS$xDevelopment$xGeneral.$2bisacsh
650 7 $aEconomic policy.$2fast$0(OCoLC)fst00902025
650 7 $aPrivatization.$2fast$0(OCoLC)fst01077649
651 7 $aEastern Europe.$2fast$0(OCoLC)fst01245079
651 7 $aRussia (Federation)$2fast$0(OCoLC)fst01262050
650 7 $aPrivatisierung$2gnd
651 7 $aOsteuropa$2gnd
650 17 $aEconomische verandering.$2gtt
650 17 $aPrivatisering.$2gtt
648 7 $aSince 1989$2fast
655 0 $aElectronic books.
655 4 $aElectronic books.
776 08 $iPrint version:$aNellis, John R.$tTime to rethink privatization in transition economies?$dWashington, D.C. : World Bank, 1999$z0821345036$w(DLC) 99023306$w(OCoLC)41284964
830 0 $aDiscussion paper (International Finance Corporation) ;$vno. 38.
830 0 $aWorld Bank e-Library.
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856 40 $uhttps://elibrary.worldbank.org/doi/book/10.1596/0-8213-4503-6
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