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• W3125969119 abstract "T he dilemmas, policies, and outcomes of privatization in transition economies have fueled a growth industry in the analysis of corporate governance systems. The reasons for the interest in ownership and governance in transition are clear. Under socialism, dominant state ownership was complemented by tight bureaucratic control over large industrial firms-the commanding heights of the economy (Kornai 1992). After communism collapsed, questions immediately arose about what forms of ownership and control should follow and how the system should be arranged. The discussions of these issues have displayed a remarkable evolution in the 10odd years since transition began. In the early transition years, the Washington consensus favoring rapid liberalization and privatization was dominant, while more recently a new consensus (Washington or not) has apparently emerged that advocates gradualism and cautious privatization.' Both viewpoints have had substantial effects on policymaking in the transition economies and on the advice provided by international organizations. But neither has ever been universally accepted, nor has the debate between them been informed by an amount of scientific analysis that would justify firm conclusions." @default.
• W3125969119 created "2021-02-01" @default.
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• W3125969119 date "2001-01-01" @default.
• W3125969119 modified "2023-09-27" @default.
• W3125969119 title "Comment on Corporate Governance and Restructuring: Lessons from Transition Economies, by Gerard Roland" @default.
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