Lessons from Eastern Europe's voucher privatization.
A number of years have passed since the failure of shock therapy to generate a vibrant market economy in Russia, and the unpleasant truths about Russian privatization are slowly emerging. Some of the architects of the original plans have acknowledged that their strategies were naive, incomplete, or...
| Published in: | Challenge (05775132) Vol. 44; no. 4; pp. 14 - 38 |
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| Format: | Article |
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M.E. Sharpe Inc.
July/August 2001
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510169996&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510169996 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 05775132 CLG jtl: Challenge (05775132) issn: 05775132 maglogo: N pubinfo: dt: July/August 2001 vid: 44 iid: 4 pid: 247 pub: M.E. Sharpe Inc. artinfo: ui: 510169996 ppf: 14 ppct: 24 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.6MB tig: atl: Lessons from Eastern Europe's voucher privatization. aug: au: Ellerman, David su: Voucher system (Public welfare) Privatization Eastern Europe sug: subj: Eastern Europe Voucher system (Public welfare) Privatization ab: A number of years have passed since the failure of shock therapy to generate a vibrant market economy in Russia, and the unpleasant truths about Russian privatization are slowly emerging. Some of the architects of the original plans have acknowledged that their strategies were naive, incomplete, or overly ambitious, whereas others insist that there were no viable alternatives. Moreover, although some critics have taken easy potshots at the blatantly corrupt loans-for-shares privatization scheme, the lessons of the earlier voucher privatization—whereby vouchers or coupons to buy assets being privatized are distributed free, or for a nominal processing charge, to all citizens—are far more revealing. A discussion is provided on why voucher privatization was such a popular reformist tool and why it was doomed from the start. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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