PRIVATIZATION IN POST-SOCIALIST COUNTRIES

What bas been the experience of post-Socialist European countries with privatization? E. S. Savas, a leading advocate of privatization, offers an overview of that experience, noting the wide range of privatizing strategies and some of the key problems that have emerged. Particular attention is paid to issues surrounding the determination of ownership, the valuation of state owned enterprises, how to "sell" the businesses, and the attitudes of many who have bad limited contact with competitive market forces.