The politics and economics of privatization in Central and Eastern Europe

Article Abstract:

The post-Communist governments of Eastern Europe view privatization as one of the primary means for transforming their stagnant economies to more dynamic market-oriented systems. Although official economic policy is committed to privatization, actual efforts have moved slowly due to political factors which have effectively hindered the sale of state-owned enterprises. In addition, the significant amount of economic restructuring needed to be accomplished has limited the gains of privatization.

Economic aspects, Eastern Europe, Central Europe, Europe, Eastern

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The success and failure of state-owned enterprise divestitures in a developing country: the case of Chile

Article Abstract:

Chile was one of the first nations to adopt a large-scale privatization program. Chile's experience can be grouped into two phases: an initial phase which began in 1974 and a second one in the 1980s. The initial phase was characterized by experimentation since there were virtually no prior experiences with such programs and as a result, some of Chile's efforts failed. However, the lessons learned from this initial phase enabled the country to be more successful in the second phase.

Chile, Economic policy

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The value-added of investment bankers in privatizations

Article Abstract:

Investment bankers play a vital role as advisors to both buyers and sellers in privatization transactions. They use their understanding of the privatization process and expertise in valuation for advising vendors and acquirors. However, investment banks face significant difficulties and risks due to the complex nature of such transactions. Basic guidelines for investment banks advising public sector sellers are presented.

National commercial banks, Banking industry, Practice, Investment advisers

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