haku: @journal_id 780 / yhteensä: 133
viite: 100 / 133
| Tekijä: | Mramor, D. |
| Otsikko: | Primary privatization goal in economies in transition |
| Lehti: | International Review of Financial Analysis
1996 : VOL. 5:2, p. 131-144 |
| Asiasana: | FINANCIAL ANALYSIS PRIVATIZATION ECONOMIC CONDITIONS |
| Kieli: | eng |
| Tiivistelmä: | This paper argues that economic efficiency is not the primary goal of the "voucher" type of models used to describe the transition from "command" to market economies. The primary goal of the transition process based on these models is redistribution of wealth; finance is used merely as a tool for this redistribution. With the most widely used model, called here the "miracle" model, the primary goal of the redistribution of national wealth to specific groups of citizens and foreigners is achieved in five stages: distribution, consolidation of ownership, regulation, macroeconomic backlash, and inefficient capital markets. |
SCIMA