This paper reviews a selection of studies on privatization experiences in transition countries.
Empirical studies almost invariably show privatized enterprises outperform state enterprises …

In 1945, many Europeans still heated with coal, cooled their food with ice, and lacked indoor
plumbing. Today, things could hardly be more different. Over the second half of the twentieth …

The experiment in so-called reform is failing in Latin America. After a brief spurt in growth in
the early 1990s, growth has slowed (figure 1). Many of the countries of the region are facing …

Rapid mass privatization of state-owned enterprises in formerly centrally planned
economies hasn't turned out the way its creators hoped, in Russia or elsewhere. When …

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 good performance in …

Why did the transition from socialism to capitalism result in improved growth in some
countries and significant economic decline in others? Scholars have advanced three main …

What is the best set of privatization policies to release entrepreneurial endeavors in
transition economies? Policies of mass privatization in Central Europe were predicated on …

We describe features of the Chinese financial system that inhibited effective financial
intermediation from 1980 to 1994 and investigate whether, despite these impediments, bank …

This book offers a rigorous empirical and theoretical analysis of an important dimension of
European integration-the implementation of EU legislation and its effect in the wake of the …

Unless developing countries embrace a corporate governance perspective, privatization is
unlikely to provide the benefits of improved performance with accountability. This article …