Privatization Processes in Eastern Europe

Download or read book Privatization Processes in Eastern Europe written by Mario Baldassarri and published by Springer. This book was released on 1993-12-15 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatising firms and liberalizing their market environment generates in Eastern Europe a variety of problems, many of which are not common to the analogous attempts in industries countries. A first difference between the two experiences resides in establishing the value of the firm or of the assets that are being privatized. A second main difference concerns the lack of the record of market performance for the firm. The book explores these open questions through an overview of on-going and proposed processes in Section 1. In Section 2 theoretical foundations of privatization processes are proposed with respect to the financial market, industrial relations and foreign trade. A final key question is faced in Section 3: 'is there any alternative to privatization?'