Privatization Processes in Eastern Europe

Theoretical Foundations and Empirical Results

  • Mario Baldassarri
  • Luigi Paganetto
  • Edmund S. Phelps

Table of contents

  1. Front Matter
    Pages I-2
  2. Introduction

    1. Mario Baldassarri, Luigi Paganetto
      Pages 3-6
  3. An Overview of on Going and Proposed Processes

  4. Theoretical Foundation of Privatization Processes: Financial Markets, Industrial Relations and Foreign Trade

  5. An Overall Evaluation of Privatization Processes in Eastern Europe

    1. Front Matter
      Pages 247-247
    2. Martin L. Weitzman
      Pages 249-269
    3. Edmund S. Phelps
      Pages 271-277
  6. Back Matter
    Pages 279-281

About this book


Privatising firms and liberalizing their market environment generates in Eastern Europe a variety of problems, many of which are not common to the analogous attempts in industries countries. A first difference between the two experiences resides in establishing the value of the firm or of the assets that are being privatized. A second main difference concerns the lack of the record of market performance for the firm. The book explores these open questions through an overview of on-going and proposed processes in Section 1. In Section 2 theoretical foundations of privatization processes are proposed with respect to the financial market, industrial relations and foreign trade. A final key question is faced in Section 3: 'is there any alternative to privatization?'


economic system efficiency financial markets growth

Editors and affiliations

  • Mario Baldassarri
    • 1
  • Luigi Paganetto
    • 2
  • Edmund S. Phelps
    • 3
  1. 1.University ‘La Sapienza’RomeItaly
  2. 2.University ‘Tor Vergata’RomeItaly
  3. 3.Columbia UniversityNew YorkUSA

Bibliographic information

Industry Sectors
Finance, Business & Banking