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Restructuring, Privatisation and Industrial Policy Making

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Eastern Europe in Crisis and the Way Out

Part of the book series: European Economic Interaction and Integration ((EEIIWP))

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Abstract

The paper questions the effectiveness of some aspects of the processes of privatisation and restructuring in achieving the objective of transforming state enterprises into modern successful companies. It focuses on the role of foreign investment in these processes, and it underlines the crucial importance of coherent national industrial policies or strategies. It draws extensively on the work undertaken within the secretariat of the United Nations Economic Commission for Europe, in particular, the Economic Survey of Europe in 1992–19931), its studies relating to foreign direct investment and privatisation in the countries of eastern Europe and the results of a number of workshops which have been organised with the assistance of the ECE and which have dealt with strategies for enterprise restructuring, privatisation and industrial policy.

Deputy Director, Industry and Technology Division, United Nations Economic Commission for Europe, Geneva, Switzerland.

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Footnotes

  1. United Nations Economic Commission for Europe (1993), Economic Survey of Europe in 1992–1993, United Nations, New York, June.

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  2. Op. cit., p. 7.

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  3. Op. cit., p. 199.

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  4. Op. cit., p. 10.

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  5. Op. cit., p. 11.

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  6. Hann, E., and Laki, M. (1992), “The Hungarian Public on the Advance of Private Economy”, Acta Oeconomica, vol. 44, no. 1–2, pp. 191–300.

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  7. Ibid.

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  8. United Nations Economic Commission for Europe (1993), “Guide on Financing East-West Trade and Privatisation in Central and Eastern Europe. Note by the Secretariat” (TRADE/WP.5/R.11), September.

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  9. United Nations (1992), The World Investment Report 1992: Transnational Corporations as Engines of Growth, New York. Figures are for 1990.

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Authors
  1. John A. Kennerley
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Editor information

Editors and Affiliations

  1. Science Policy Research Unit, University of Sussex, UK

    Christopher T. Saunders (Honorary Fellow) (Honorary Fellow)

Copyright information

© 1995 Wiener Institut für Internationale Wirtschaftsvergleiche (WIIW) (The Vienna Institute for Comparative Economic Studies)

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Kennerley, J.A. (1995). Restructuring, Privatisation and Industrial Policy Making. In: Saunders, C.T. (eds) Eastern Europe in Crisis and the Way Out. European Economic Interaction and Integration. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-13642-1_13

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