![]() |
![]() |
Your cart is empty |
||
Showing 1 - 4 of 4 matches in All Departments
The rebirth of competition and the extensive "exit" that has resulted are among the most important developments in Central Europe since the demise of Communism. This text examines why, how, and to what extent enterprises have reduced their size or left the market altogether during the first years of the transition from socialism to capitalism in the Czech Republic, Hungary and Poland.
inefficient and uncompetitive enterprises especially from the over-grown industrial sector. These initial conditions meant that, in the early stages of transition, the volume of entries and exits will be, by necessity, very high reflecting the large scale changes that had to take place before these economies attain a macroeconomic structure consistent with their level of development and with the needs of a market-based economy open to internationalcompetition. One of the main elements of the reform programme in all economies in transition was the liberalisation of entry conditions. Along with the liberalisation of prices and foreign trade, appropriate measures facilitating the establishment of new enterprises were approved in the very early phase of reforms in all of these countries. The effectiveness of liberalised entry conditions, of course, depends on the presence of appropriate legal and institutional framework in which new firms will operate. The establishment of a conducive legal and institutional environment, however, takes much longer. In practice, new firms come into existence before the rules of the game are properly established. These rules develop gradually and are not always, and everywhere, consistent with the aim of liberalising the entry conditions. The conditions facing new firms, therefore, have fluctuated in some countries in accordance with changes in the political environment and in line with the strength of different lobbies and interest groups."
Privatization was the fundamental pillar of transition from plan to
market in former socialist countries. But little is known about the
fate of companies that were privatized in large scale privatization
schemes such as mass privatization or management-employee buyouts.
This is the first original study aiming to fill this gap. It
assesses "wholesale privatization schemes" in three leading
transition countries - the Czech Republic, Poland and Slovenia - in
terms of the evolving concentration of ownership and relations to
firm performance.
inefficient and uncompetitive enterprises especially from the over-grown industrial sector. These initial conditions meant that, in the early stages of transition, the volume of entries and exits will be, by necessity, very high reflecting the large scale changes that had to take place before these economies attain a macroeconomic structure consistent with their level of development and with the needs of a market-based economy open to internationalcompetition. One of the main elements of the reform programme in all economies in transition was the liberalisation of entry conditions. Along with the liberalisation of prices and foreign trade, appropriate measures facilitating the establishment of new enterprises were approved in the very early phase of reforms in all of these countries. The effectiveness of liberalised entry conditions, of course, depends on the presence of appropriate legal and institutional framework in which new firms will operate. The establishment of a conducive legal and institutional environment, however, takes much longer. In practice, new firms come into existence before the rules of the game are properly established. These rules develop gradually and are not always, and everywhere, consistent with the aim of liberalising the entry conditions. The conditions facing new firms, therefore, have fluctuated in some countries in accordance with changes in the political environment and in line with the strength of different lobbies and interest groups."
|
![]() ![]() You may like...
Great Writing 1 with Online Access Code
Elena Solomon
Mixed media product
R1,390
Discovery Miles 13 900
Teaching ESL/EFL Reading and Writing…
I.S.P. Nation, John Macalister
Paperback
R1,258
Discovery Miles 12 580
Handbook of Grid Generation
Joe F. Thompson, Bharat K. Soni, …
Hardcover
R6,116
Discovery Miles 61 160
Landmark Essays on ESL Writing - Volume…
Tony Silva, Paul Kei Matsuda
Paperback
R1,297
Discovery Miles 12 970
|