Privatization in the Central Asian and Caucasian economies

Privatization in the Central Asian and Caucasian economies by Michael Kaser Download PDF EPUB FB2

This book is the first general introduction to the economies of central Asia, specifically the recently independent countries of Uzbekistan, Kazakhstan, Tajikistan, Kyrgyzstan, and Turkmenistan.

Richard Pomfret provides a historical and structural analysis of this area of the former Soviet Union, with an emphasis on their economic situation. The book will also represent a key and unique source for information related to the details of asset sales privatization, a summary of statistics of privatized companies from 54 international stock exchanges, regulatory changes and sources for privatization information for investors, government officials, bankers and financial by:   Privatization occurs when a government-owned business, operation, or property becomes owned by a private, non-government party.

Note that privatization also describes the Author: Marshall Hargrave. Central Asian Economies in Transition focuses on Central Asian countries (Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, Tajikistan and Azerbaijan) and their economic ties with Turkey.

The book first summarizes the current state of Central Asian economies enhanced through statistics and details the economic and political challenges they : Hic Gencer. privatization on economic growth in developing countries.

The fourth section will introduce and discuss the results of my own empirical study. In the final section of the paper I will attempt to draw useful conclusions regarding privatization as an economic growth policy. Privatization, transfer of government services or assets to the private sector.

State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned enterprises may be lifted.

Services formerly provided by government may be contracted out. Philippe H. Le Houerou is a senior country economist in the Europe and Central Asia Regional Office. ISSN: X Library of Congress Cataloging-in-Publication Data Mass privatization in Central and Eastern Europe and the Former Soviet Union: a comparative analysis / Ira W.

Lieberman [et al.]. The Central Asian states have become heavily dependent on, and heavily in debt to China. But China's days of big spending in Central Asia appear to be numbered for the near future.

stabilization, privatization—in the formerly planned economies of Central and Eastern Europe since have been accompanied by a substantial decrease in registered output, and then recovery.

Inflation, repressed before through price controls, rose to high double-digit File Size: KB. The Effects of Privatization and Ownership in Transition Economies by Saul Estrin, Jan Hanousek, Evzen Kocenda and Jan Svejnar.

Published in vol issue 3, pages of Journal of Economic Literature, SeptemberAbstract: In. Mass privatization in Central and Eastern Europe and the former Soviet Union: a comparative analysis (English) Abstract.

The primary objective of a mass privatization program is to create the underlying base for a market economy by privatizing state-owned enterprises as expeditiously as possible.

Privatization in Economic Theory Maja Drakić∗ Summary: In reality privatization has never occurred according to the handbook rules of ordinary market transactions. Not even in advanced market economies can privatization transactions be described by the Walrasian or File Size: KB.

The Financial Economics of Privatization William L. Megginson. The focus of this book lies on where privatization stands today and what are the next frontiers, the why and how behind countries who privatize certain industries, whether privatization works as an economic tool and important insights relevant to financial institutions such as how to value privatized industries, how share offerings.

Central Asian civilization is built upon the mountains, valleys and oases that encompass the region and if this is not understood we would not be able to comprehend modern Central Asian states today. These were tribal societies that thrived in this region before the Treaty of Westphalia concretized the idea of a nation-state, prior to theFile Size: KB.

meant that privatization was a central aspect of building a market economy in all the transition economies. Indeed, to quote Dusan Triska in “privatization is not just one of the many items on the economic program. It is the transformation itself.” (see Estrin, )File Size: KB.

effects of privatization from the experiences during the last fifteen to twenty years in the postcommunist (transition) economies and, where relevant, China. The transition economies—economies in Central and Eastern Europe (CEE) and in the Commonwealth of Independent States (CIS) that.

The Influential Newcomer: China. Central Asian independence in the s coincided with the beginning of China's economic rise. Beijing's growing appetite for commodities to fuel its burgeoning manufacturing sector spurred a major push into Central Asia, one that really took off in the s as China began to invest in infrastructure projects to access the region's resources, particularly oil.

tized in Central and Eastern Europe, and privatization is currently a major item on the policy agenda in China, India, and many other developing economies.

Al-though the impact of privatization on the performance of firms has been studied extensively (see William L. Megginson and Jeffry M. Netter, ), literature ad-Cited by: Security issues in Central Asia: Subsets in this section include the individual goals and actions of the Central Asian states, the inter-state problems and relations with and intentions of China and Russia; the role of the US and EU and the ongoing implications of Afghanistan now.

Central Asian Economies in Transition xi research assistant Ainura Turdalieva for her diligent support, prompt responses, and especially for taking up the role to act as a liaison between Central Asia and Turkey.

We would like to mention gratefully all the invaluable help Dominic P. Thompson provided in patiently proofreading the entire manuscript.

Profile: Central Asian Countries General Background | Key Economic Figures The Economies of the Central Asian Countries Foreign Economic Relations General Background.

Central Asia sprawls from the Caspian Sea in the west to central China in the east; the north part of the country borders southern Russia and the south, northern Pakistan.The source book will also help students situate the major events and activities of Central Asia in a global context.

In addition to the value of this collection to the Central Asian historical record, many of the included texts will be essential for comparative analyses and cross-disciplinary approaches in .of the Central Asian republics, large scale civil conflict was predicted by both regional scholars and State Department officials.4 In Kyrgyzstan, after more than 10 years of independence, significant advances have been made toward privatization of land and the development of nascent land markets, without widespread civil violence.