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Between State and Market
Raj. M. Desai Stilpo Nestor
Price: $ 30

Studies of Economies in Transformation No. 23.
This anthology studies the major issues involved in the mass privatization of former centrally planned economies, including institutional capitalism, the establishment of property rights, and reform of the public sector. Part one examines the impact of existing institutional endowments on the structure and shape of mass privatization programs. Part two surveys the actual implementation of voucher-based privatization schemes. Part three explores the problems of residual state holdings in regard to governments holding significant shares of privatized companies. Part four analyzes the market "infrastructure" for trading those ownership rights once they have been created. Essays in part five examine the experience of mass privatization with respect to the problems of corporate finance and management control. Part six concludes with fourteen case studies of countries that have experimented with mass privatization programs.

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