Privatization in the Czech Republic

Article Abstract:

Privatization programs can be grouped into two approaches: gradual transition programs and the more radical 'shock therapy' techniques. Both approaches have inherent advantages and disadvantages which make any decision regarding the type of approach to adopt a difficult choice requiring intense scrutiny. The Czech government's privatization program incorporates features from both approaches and although success has been modest at best, it is still too early to judge whether the Czech privatization model is more effective than traditional methods.

Czech Republic

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Rigorous privatization: the New Zealand experience

Article Abstract:

New Zealand's experience with privatization was characterized by a commitment to the establishment of competitive markets and government efforts to obtain a full market price for businesses and assets subject to the program. By clearly ranking objectives, establishing competitive and transparent sales processes, starting small, centralizing expertise and fostering a competitive business environment, New Zealand was able to succeed in its privatization efforts.

New Zealand

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