Privatization Problems At Industry Level

Download or read book Privatization Problems at Industry Level written by Esra Bennathan and published by World Bank Publications. This book was released on 1992 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the end of the 1980s, the road transport industries of Poland and Hungary emerged from decades of socialist organization with a small number of massive state-owned enterprises, surrounded by a margin of small-scale private haulage that had been growing steadily during the preceding ten years. In the year after the decisive turn in their political systems, both countries formulated privatization programs. In their programs, road haulage was earmarked for privatization but the strategy to be applied to the industry was left open. There is none for privatization on the scale envisaged by the transitional economies, or from their common starting positions. To chart a course, one has only the accepted economic objectives of privatization policy to rely on. This paper draws on the work in Poland and Hungary but enlarges, more than was appropriate in the individual country reports, on those common features of the privatization problem of this one specific industry, and gives the arguments and conclusions that the authors draw from them.