Privatizing Russia

Privatizing Russia
Author :
Publisher : MIT Press
Total Pages : 180
Release :
ISBN-10 : 0262522284
ISBN-13 : 9780262522281
Rating : 4/5 (281 Downloads)

Book Synopsis Privatizing Russia by : Maxim Boycko

Download or read book Privatizing Russia written by Maxim Boycko and published by MIT Press. This book was released on 1997-01-22 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program -- corporatization, voucher use, and voucher auctions -- are described, as is the responsiveness of privatized firms to outside investors. Finally, the market values of privatized assets are assessed for indications of how much progress the country has made toward reforming its economy. In many respects, privatization has been a great success. Market concepts of property ownership and corporate management are shaking up Russian firms at a breathtaking pace, creating powerful economic and political stimuli for continuation of market reforms. At the same time, the authors caution, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms.


Privatizing Russia Related Books

Privatizing Russia
Language: en
Pages: 180
Authors: Maxim Boycko
Categories: Business & Economics
Type: BOOK - Published: 1997-01-22 - Publisher: MIT Press

DOWNLOAD EBOOK

Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the f
Kremlin Capitalism
Language: en
Pages: 272
Authors: Joseph R. Blasi
Categories: Political Science
Type: BOOK - Published: 2018-10-18 - Publisher: Cornell University Press

DOWNLOAD EBOOK

The first book to describe Russia's massive economic transformation for an American audience, Kremlin Capitalism provides a wealth of data and analyses not prev
The Piratization of Russia
Language: en
Pages: 328
Authors: Marshall I. Goldman
Categories: Business & Economics
Type: BOOK - Published: 2003-04-10 - Publisher: Routledge

DOWNLOAD EBOOK

In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownersh
Time to Rethink Privatization in Transition Economies?
Language: en
Pages: 44
Authors: John R. Nellis
Categories: Business & Economics
Type: BOOK - Published: 1999-01-01 - Publisher: World Bank Publications

DOWNLOAD EBOOK

IFC Discussion Paper No. 38.QUOTEIt is now universally acknowledged that ownership matters; that private ownership in and of itself is a major determinant of go
The Selling of the Soviet Empire
Language: en
Pages: 248
Authors: Alfred Kokh
Categories: Business & Economics
Type: BOOK - Published: 1998 - Publisher: SP Books

DOWNLOAD EBOOK

Never before has there been an attempt to transform a massive state-owned economy into a dynamic free market system. The story of the conversion of the dinosaur