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Privatization Surprises in Transition Economies - Employee-Ownership in Central and Eastern Europe (Hardcover, illustrated edition)
Loot Price: R3,549
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Privatization Surprises in Transition Economies - Employee-Ownership in Central and Eastern Europe (Hardcover, illustrated edition)
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This up to date book provides the first evidence on
employee-ownership in Central and Eastern Europe. This subject has
attracted growing interest in recent years, since the sale and free
distribution of enterprise shares to employed workers and mangers
have surprisingly become frequent privatization methods in many
transitional economies. The book highlights some of the crucial
issues which have been debated in recent economic literature, in
particular the advantages and risks of employee-ownership in
comparison with other privatization methods. It also provides an
overview of individual countries' experiences and makes some
important policy recommendations. Privatization Surprises in
Transition Economies is a wide-ranging survey which considers
employee- ownership within privatization legislation and its
diffusion and implementation problems in 14 transitional economies.
Using empirical evidence on the impact of this privatization
method, the authors address issues such as enterprise
restructuring, employment, wages, productivity and investment
policies. They conclude that employee-ownership has a bright
future, and that the fears expressed by many policy advisers
regarding the negative implications of employee ownership were
largely exaggerated. This privatization method has proven to be one
of the quickest, and has also brought with it many positive changes
such as decentralization, increased productivity and motivation and
more moderate restructuring policies - especially with regard to
employment reductions. This book also presents some of the
weaknesses of this form of privatization and identifies such
possible improvement as the use of employee-ownership in
combination with other privatization methods.
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