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Download Enterprise reform and privatization in socialist economies, by Barbara W. Lee, John R. Nellis PDF

By Barbara W. Lee, John R. Nellis

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Extra resources for Enterprise reform and privatization in socialist economies, Parts 63-104

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Since then, financial discipline has been re-introduced. Increased managerial autonomy for public enterprises -- albeit limited by the lack of qualified managers -- has included setting prices and wages, hiring and firing employees, and initiating changes in production scale and product. All of these measures (with the exception of firing, which is frequently avoided) are reportedly being exercised, although there is considerable variation among enterprises. Enterprise restructuring is considered a high priority.

Nellis, John R.  Series. 9'00917 1'7dc20 90-47283 CIP Page iii Abstract This paper looks at the past performance of SOEs in socialist countries, examines why so many of them are opting for fundamental reform of enterprises including privatization, and assesses reform experience to date and future prospects. The analysis is limited to seven socialist countries that are active members of the World Bank group: Algeria, China, Hungary, Laos, Mozambique, Poland and Yugoslavia. These seven countries have long tried to improve SOE performance by restructuring--attempts short of ownership change--with meager results.

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