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?'
General
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