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OverviewIn Eastern Europe privatization is now a mass phenomenon. The authors propose a model of it by means of an illustration from the example of Poland, which envisages the free provision of shares in formerly public undertakings to employees and consumers, and the provision of corporate finance from foreign intermediaries. One danger that emerges is that of bureaucratization. On the broader canvas, mass privatization implies the reform of the whole system, the creation of a suitable economic infrastructure for a market economy and the institutions of corporate governance. The authors point out the need for a delicate balance between evolution - which may be too slow - and design - which brings the risk of more government involvement than it is able to manage. A chapter originating as a European Bank working paper explores the banking implications of setting up a totally new financial sector with interlocking classes of assets. The economic effects merge into politics as the role of the state is investigated. Teachers and graduate students of public/private sector economies, East European affairs; advisers to bankers or commercial companies with Eastern European interests. Full Product DetailsAuthor: Roman Frydman , Andrzej Rapaczynski (Professor, Columbia Law School) , Edmund S. PhelpsPublisher: Central European University Press Imprint: Central European University Press Dimensions: Width: 15.90cm , Height: 1.70cm , Length: 23.40cm Weight: 0.525kg ISBN: 9781858660042ISBN 10: 1858660041 Pages: 240 Publication Date: 01 January 1994 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationAndrzej Rapaczynski is Daniel G. Ross Professor of Law; Joseph Solomon Professor of Wills, Trusts, and Estate Planning at the Columbia Law School. Tab Content 6Author Website:Countries AvailableAll regions |
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