Negative Phenomena of Transition and the Impact of Privatization

BURUIANA, Alina. Negative Phenomena of Transition and the Impact of Privatization. In Ekonomika firiem 2004 I. diel. Podnikovohospodarska fakulta v Kosiciach, 2004, p. 55-61, 148 pp. ISBN 80-225-1879-4.

Basic information

Original name

Negative Phenomena of Transition and the Impact of Privatization

Name (in English)

Negative Phenomena of Transition and the Impact of Privatization

Authors

BURUIANA, Alina

Edition

Ekonomika firiem 2004 I. diel, p. 55-61, 148 pp. 2004

Publisher

Podnikovohospodarska fakulta v Kosiciach

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Other information

Type of outcome

Stať ve sborníku

Confidentiality degree

není předmětem státního či obchodního tajemství

Organization unit

Rector's Office

ISBN

80-225-1879-4

Keywords in English

transition; privatization speed; Czech Republic; Romania; budget constraint; interest groups; corruption; tunnelling; asset-stripping

Tags

asset-stripping, budget constraint, corruption, Czech Republic, Interest Groups, privatization speed, Romania, transition, tunnelling

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Abstract

V originále

Transferring ownership from the state to the private sector in Central and Eastern European countries was considered an essential step of transition towards the market economy. But negative phenomena, which accompanied privatization corruption, asset-stripping, oligarchic entrenchment, tunnelling, etc. proved that interest groups in these post-socialist countries strongly influenced and slowed down the process. This paper tries to analyse the impact of privatization and its speed connected with these negative phenomena, and to offer arguments for a positive view on a quick establishment of property rights. The conclusions are based on the cases of the Czech Republic and Romania compared.

In English

Transferring ownership from the state to the private sector in Central and Eastern European countries was considered an essential step of transition towards the market economy. But negative phenomena, which accompanied privatization corruption, asset-stripping, oligarchic entrenchment, tunnelling, etc. proved that interest groups in these post-socialist countries strongly influenced and slowed down the process. This paper tries to analyse the impact of privatization and its speed connected with these negative phenomena, and to offer arguments for a positive view on a quick establishment of property rights. The conclusions are based on the cases of the Czech Republic and Romania compared.