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Privatizing Russia
Author: Maxim Boycko

ISBN: 9780262522281
Format: Paperback
Number Of Pages: 176
Published: 17 January 1997
Country of Publication: US
Dimensions (cm): 20.3 x 13.6 x 1.5
Description:
Honorable Mention in the category of Economics in the 1995 Professional/Scholarly Publishing Annual Awards Competition presented by the Association of American Publishers, Inc. "Privatizing Russia" offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program --corporatiza...

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