Rethinking Privatization in Transition Economies

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概要

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• It was a decade ago that countries in Central and Eastern Europe launched what can be labeled the "revolution in Eastern Europe." Just two years later, Russia, then governed by the administration of President Boris Yeltsin, followed suit. Ever since these countries embarked on systemic transformation, that is, their capitalist makeover, the issue of privatization of gigantic state-owned enterprises has been a central focus along with liberalization and macroeconomic stabilization. Together, these three objectives form the pillars of the Washington Consensus. But the scenario in this part of the world has unfolded differently from the privatization pattern seen in Japan and other advanced capitalist countries in the 1980s. In those economies, the integration of a handful of inefficient public corporations took place in the context of an existing market-economy infrastructure dominated by a dynamic business sector. By contrast, the former socialist states must rein in a sprawling state-run sector minus the existence of any market-economy infrastructure. Despite beginning from completely different circumstances, these states are in the grip of what could be termed an obsession with ownership. Consequently, their approach has regarded conversion to private ownership as a panacea while giving short shrift to the most crucial aspect of privatization: the establishment of a management framework for assuming risk and responsibility. Coupon privatization - and its failure - offers a typical example. Awareness of such points shapes this paper's re-examination of privatization in transition economies.

• 日本大学の論文
• 2000-03-31

著者

• 佐藤 経明

  横浜市立大学

関連論文

• 市場経済移行10年の統括と対外経済の再編成 : コメコン崩壊に代わるもの
• Rethinking Privatization in Transition Economies
• 社会主義における制御の可能性と限界
• 社会主義経済に対する新しい接近法を考える(中国研究所1982年度研究集会・報告特集)

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