Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/274087 
Authors: 
Year of Publication: 
2021
Series/Report no.: 
CASE Working Papers No. 16 (140)
Publisher: 
Center for Social and Economic Research (CASE), Warsaw
Abstract: 
Thirty years after the collapse of the Soviet Union, it is rather clear what transition policies have worked. Almost all the post-communist countries have become market economies and have achieved macroeconomic stability. Privatization was economically necessary, and its economic outcomes have been very positive. Alas, politically, these successes have often been unsustainable because of strong popular sentiments against the private ownership of big enterprises. Substantial renationalization has occurred. What went wrong? How could privatization be done better, or be defended? What should be done to defend private enterprise in the future? This paper argues that the nature of privatization is far less important than the establishment of good rule of law so that private property rights can be defended.
Subjects: 
Eastern Europe
former Soviet Union
post-communist transformation
market economy
privatization
JEL: 
P20
P26
P30
P31
K00
K42
ISBN: 
978-83-7178-723-2
Document Type: 
Working Paper

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