Ownership Transformation in the Post-Communist Countries: Goals, Strategies, Effects
Wydanie: Lublin 2016
The paper presents an analysis of the efficiency and outcomes of privatization policies in post-communist countries from the perspective of the degree of meeting the privatization goals set by the respective governments. These goals have covered a wide range of systemic, microeconomic, social and political issues and their meeting required creation of a strategy which would resolve a set of dilemmas of structural, implementation, and technical nature. In practice, there were four models of privatization policy according to the way the goals had been set and the dilemmas answered. None of these policies were efficient enough to meet all the privatization goals fully – mainly because of vested interests which were extracting rent from the state-controlled sector. However, the degree of success varies significantly among groups of countries, the CEE states being the leaders of ownership transformation, although even in this group some important unfinished agenda still exists and even trends towards expansion of ownership functions of the state can be seen.