The transformation of state-owned enterprises into privately owned
ones is commonly referred to as 'privatization'. Just as important
as this process, though sometimes not given the attention it
deserves and requires, is the establishment and expansion of new
private firms.
This book analyzes new entrepreneurial firms that emerge and
occasionally flourish after a period of state communism has come to
an end. The authors rightly focus on the aftermath of the end of
communism by looking first at the inevitable output decline,
followed by an overview of new entrepreneurial firms. Specific East
European examples are examined and the lessons which can be learned
from these will interest academics and policy-makers alike.
Committed and knowledgeable authors in this book treat the
sometimes emotive issue of transition-developing economies maturely
and expertly. The result is a volume which will interest scholars
with an interest in transition economics and politics, as well as
those who actively work in transition economies.
General
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