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The Effects of Privatization on Enterprise Production and Trade Strategy

  • Janusz M. Dabrowski
Part of the Contributions to Economics book series (CE)

Abstract

Privatization of state-owned enterprises is a major component of economic transformation in the countries of Eastern and Central Europe and the former Soviet Union. Finding private owners for state-owned firms, which in the late 1980s still accounted for more than 80 percent of the gross national product in the region, is not an easy task. If we take into account the lack of market links and institutions, the small number of professional managers, and the shortage of real capital resources needed to take over the privatized assets, we can assess the scope and difficulty of this venture more realistically. Privatizing a major part of state-owned assets in a relatively short time, however, seems to be the necessary prerequisite for upgrading the economies of the region from their levels of efficiency and production quality. It is also a prerequisite for overcoming the atrophy of economic motivation and establishing firms that are viable to respond to the challenge of competition in the world market.

Keywords

Market Strategy Privatization Process Financial Standing Polish Economy Privatization Technique 
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

© Springer-Verlag Berlin Heidelberg 1994

Authors and Affiliations

  • Janusz M. Dabrowski

There are no affiliations available

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