Central Issues in Contemporary Economic Theory and Policy: Theoretical Foundations and Empirical Results

Baldassarri, Mario; Paganetto, Luigi; Phelps, Edmund S.

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?'

Details

Published by: Palgrave Macmillan

Publication Date: 1993-11-02

Format: Hardcover

ISBN-13: 9780312100742

DOI: 10.1007/978-1-349-23090-7

Dimensions: 235cm x155cm

Pages: 282