This volume is meant to be a modest contribution to the ongoing debate about the transitions away from the administrative planning environment typical of the former communist regimes. The central subject matter is a fairly special one, namely the privatization of these economies together with the re...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Van Brabant, J.M (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Dordrecht Springer Netherlands 1992
Ausgabe:	1st ed. 1992
Schriftenreihe:	International Studies in Economics and Econometrics 24
Schlagworte:	Geschichte 1989-1991 Economic Growth Macroeconomics/Monetary Economics//Financial Economics Industrial Organization Political Science Economic growth Macroeconomics Industrial organization Political science Staatsunternehmen Privatisierung Osteuropa Konferenzschrift > 1994 > Paris
Online-Zugang:	BTU01 URL des Erstveröffentlichers
Zusammenfassung:	This volume is meant to be a modest contribution to the ongoing debate about the transitions away from the administrative planning environment typical of the former communist regimes. The central subject matter is a fairly special one, namely the privatization of these economies together with the restoration and effective monitoring of property rights. These are paramount tasks of the ongoing transformations once progress toward pOlitical democracy is secured. Though I would not allot divestment of existing state-owned assets the kind of pivotal importance that some observers reserve for it, changing rules on the utilization of these assets is evidently at the core of what the transition toward market-based economic systems should be all about. Rather than examining the entire range of issues that surround the controvery on privatization, this volume is primarily concerned with the economics of taking the state out of the decision making about existing assets. Among the several aspects of this discussion three stand out. One is the establishment of clear property rights. This is fundamental to minimize trans­ action costs in an environment where decisions will increasingly be taken by independent economic agents acting on their own account. Second, I look only incidentally at the various angles of creating capital markets, particularly for existing assets, in these economies
Beschreibung:	1 Online-Ressource (XIV, 330 p)
ISBN:	9789401128346
DOI:	10.1007/978-94-011-2834-6