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Privatisation in Transitional Economies — East and Central European Experience

  • Paul Cook
  • Colin Kirkpatrick
Part of the The Academy of International Business Series book series (AIB)

Abstract

The role of privatisation in the European transitional economies in creating a market structure and fostering the development of a private sector immediately distinguishes it from the privatisation model followed in the UK and other western industrialised countries. The non-transferability of the western model has meant that the approach to privatisation that has evolved in the European transitional economies has reflected the particular historical, institutional and economic characteristics of these countries. However, while most economies began the transition to the market with broadly similar objectives and have gone through similar phases in progressing the privatisation process, nevertheless each has developed its own privatisation programme, which have differed in the timing, sequencing and outcome of the policy measures taken.

Keywords

Foreign Direct Investment Social Protection Former Soviet Union Foreign Direct Investment Inflow Transitional Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Academy of International Business UK Chapter 1996

Authors and Affiliations

  • Paul Cook
  • Colin Kirkpatrick

There are no affiliations available

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