Abstract
Strong and imaginative as it may be, the effort to privatise socialist property in the former communist countries is hardly likely to be fully successful. There are a variety of reasons: there is nobody willing to buy some enterprises; it might be seen as politically unwise to hand over a public utility to foreign interests; the closure of a firm might increase unemployment to an economically unbearable level; or, finally, an agreement on price cannot be reached. In other words for a number of years the prevailing model shall be that of a “mixed economy” where private and public enterprises shall coexist.
I am indebted to Professor Enzo Pontarollo for some quite useful comments. I am, however, responsible for any error and opinion.
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© 1993 SIPI Srl, Rivista di Politica Economica
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Grassini, F.A. (1993). The Experience of West European Public Enterprises for the Transition of Eastern European Economies. In: Baldassarri, M., Mundell, R. (eds) Building a New Europe. Central Issues in Contemporary Economic Theory and Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22922-2_10
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