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The Initiation and Spread of Privatization

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Part of the St Antony’s Series book series

Abstract

Privatization may be broadly defined as ‘the shifting of function, either in whole or in part, from the public to the private sector’, such that there is ‘increased reliance on private actors and market forces’.1 The range of activities associated with privatization include divestment of state assets, contracting out public services to private companies and deregulation of monopolies.2 For the purpose of the current research, I will focus only on one particular aspect of privatization, that is, the process of deliberate transfer and sale, in whole or in part, by a government of state-owned enterprises or assets to private economic agents.3 This process also includes preparations for the actual sale, such as corporatization, appointing suitable general managers and drawing up the terms of the sale. Given that privatization, and more broadly economic reforms, arouses considerable opposition and win few immediate supporters for any government, why then did the nascent Russian government embrace and perpetuate such a radical policy change in the oil industry?

Keywords

Inside Ownership Presidential Decree Bureaucratic Agency Liberal Reformer Regional Elite 
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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Notes

  1. 1.
    Harvey B. Feigenbaum and Jeffrey R. Henig, ‘The Political Underpinnings of Privatisation: A Typology’, World Politics 46, no. 2 (1994), p. 185.CrossRefGoogle Scholar
  2. 6.
    See Valeriy Neverov and Aleksandr Igolkin, ‘Nett’ rodiny’, Ekonokima i zhizn’, December 1991.Google Scholar
  3. 28.
    Stephan Haggard and Robert R. Kaufman, ‘Introduction: Institutions and Economic Adjustment’, in The Politics of Economic Adjustment: International Constraints, Distributive Conflicts and the State, ed. Stephan Haggard and Robert R. Kaufman ( Princeton: Princeton University Press, 1992 ), p. 21.Google Scholar
  4. 31.
    John Nellis, ‘Privatisation in Developing Countries: A Summary Assessment’, in Centre for Global Decelopment Working Paper 87 (Washington DC: 2006), p. 3.Google Scholar
  5. 66.
    Leonid Radzikhovskiy, Nomenklatura obmenyala “Kapital” na kapital’, Izvestiya, 7 March 1995.Google Scholar
  6. 74.
    Boris Yel’tsin, The Struggle for Russia, trans. Catherine A. Fitzpatrick ( New York: Random House, 1994 ), p. 126.Google Scholar
  7. 125.
    Yegor Gaidar, Days of Victory and Defeat, trans. Jane Ann Miller (Seattle: University of Washington Press, 1999 ), p. 287.Google Scholar
  8. 150.
    Andrew Jack, Inside Putin’s Russia ( London: Granta, 2004 ), p. 334.Google Scholar
  9. 151.
    Nataliya Gevorkyan, Natalya Timakova and Andrei Kolesnikov, First Person: An Astonishingly Frank Portrait by Russia’s President Vladimir Putin, trans. Catherine A. Fitzpatrick ( New York: Public Affairs, 2000 ), p. 193.Google Scholar
  10. 167.
    Mark Zavadskiy, “Vykovyrivat’ i mochit”, Yezhenedel’nyy zhurnal, 3 November 2003.Google Scholar
  11. 168.
    See Vladislav Borodulin, ‘Privatizatsiya v Rossii: Boris El’tsin vernul VPK v lono byudzheta’, Kommersant’-Daily, 26 December 1995.Google Scholar

Copyright information

© Li-Chen Sim 2008

Authors and Affiliations

  1. 1.Zayed UniversityUnited Arab Emirates

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