scholarly journals Privatization Is Transition—Or Is It?

1996 ◽  
Vol 10 (2) ◽  
pp. 67-86 ◽  
Author(s):  
Josef C Brada
Keyword(s):  
Corporate Governance ◽  
Private Sector ◽  
Transition Economies ◽  
Economic Liberalization ◽  
Private Firms ◽  
Start Ups

Various means of creating a private sector have been used in transition economies, including restitution, privatization of state firms through sales or voucher schemes, and start-ups of new private firms. The privatization of state-owned firms raises questions regarding the viability of future corporate governance but, in combination with economic liberalization, it has induced state-owned firms to react to their new environment. Differences in the extent of privatization among countries reflect largely differences in the privatization of state-owned firms. Qualitative differences reflect differences in who the new owners of these firms are.

Concatenation of Circumstances or Historical Regularity?

2009 ◽  
pp. 75-84
Author(s):  
V. Popov
Keyword(s):  
Transition Economies ◽  
Government Expenditure ◽  
Previous History ◽  
Shock Therapy ◽  
Economic Liberalization ◽  
Institutional Capacity ◽  
Government Failure ◽  
Stage Of Development ◽  
Optimal Policies ◽  
Cis Countries

Why have many transition economies succeeded by pursuing policies which are so different from the radical economic liberalization (shock therapy) that is normally credited for the economic success of countries of Central Europe? First, optimal policies are context dependent, they are specific for each stage of development and what worked in Slovenia cannot be expected to work in Mongolia. Second, even for the countries with the same level of development reforms that are necessary to stimulate growth are different; they depend on the previous history and on the path chosen. The reduction of government expenditure as a share of GDP did not undermine significantly the institutional capacity of the state in China, but in Russia and other CIS countries it turned out to be ruinous. The art of the policymaker is to create markets without causing government failure, as happened in many CIS countries.

Tendencies of Forming a Multistructure Economy in Uzbekistan

2019 ◽  
Vol 5 (12) ◽  
pp. 305-311
Author(s):  
M. Ashurov ◽  
Yu. Shakirova ◽  
O. Turdibekov
Keyword(s):  
Corporate Governance ◽  
Private Sector ◽  
Modern Corporation ◽  
The Republic ◽  
Characteristic Features

The article discusses some issues of the formation of a multistructure economy in the Republic of Uzbekistan. The authors performed an analysis of the processes of privatization and privatization in the country. The general tendencies of privatization by stages and results are revealed and generalized. The characteristic features of the stages of denationalization are studied. The formation of the private sector and on the basis of this form of joint stock companies. The need for improving the mechanism of corporate governance in a modern corporation is highlighted.

Rethinking the Catalytic Role of Private Sector for Inclusive Growth

2017 ◽  
Vol 3 (1) ◽  
pp. 41-54 ◽  
Author(s):  
Muhamed Zulkhibri
Keyword(s):  
Private Sector ◽  
Business Models ◽  
National Income ◽  
Vital Role ◽  
Inclusive Development ◽  
Private Firms ◽  
Productive Capacity ◽  
Inclusive Growth ◽  
Productive Potential ◽  
Growth Prospects

The paper argues that private firms play a vital role in enhancing inclusive growth prospects as investors, employers and creators of new and upgraded productive potential. Private sector activity matters for inclusive development as well as its quality, sustainability and inclusiveness. In most countries, the private sector is a major component of national income and the major employer and creator of jobs. The analysis suggests that private firms have the capacity to enhance inclusive growth prospects, given their ability to create new and higher value productive capacity. The capability of firms to launch new export products and raise product quality generates higher profitability and productive potential with spill over benefits to other firms and industries. However, private sector activity per se does not automatically result in equality of opportunity across individuals and firms. It has been very thoughtful to many countries to facilitate various actors to come together in public-private collaboration to build ‘Inclusive Business Models’ based on inclusive markets.

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