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.
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