Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Privatizing Russia PDF full book. Access full book title Privatizing Russia by Maxim Boycko. Download full books in PDF and EPUB format.
Author: Maxim Boycko Publisher: MIT Press ISBN: 9780262522281 Category : Business & Economics Languages : en Pages : 180
Book Description
Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program -- corporatization, voucher use, and voucher auctions -- are described, as is the responsiveness of privatized firms to outside investors. Finally, the market values of privatized assets are assessed for indications of how much progress the country has made toward reforming its economy. In many respects, privatization has been a great success. Market concepts of property ownership and corporate management are shaking up Russian firms at a breathtaking pace, creating powerful economic and political stimuli for continuation of market reforms. At the same time, the authors caution, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms.
Author: Martin Neil Baily Publisher: Brookings Institution Press ISBN: 9780815719366 Category : Business & Economics Languages : en Pages : 420
Book Description
For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues.Contents include:ArticlesProduct and Stock Market Responses to Automotive Product Liability Verdicts by Steven Garber and John AdamsThe Distribution of the Insurance Market Effects of Tort Liability by Patricia H. Born and W. Kip ViscusiThe Link between Liability Reforms and Productivity: Some Empirical Evidence by Thomas J. Campbell, Daniel P. Kessler, and George B. ShepherdWhat Drives Venture Capital Fundraising by Paul A. Gompers and Josh LernerCapital's Contribution to Productivity and the Nature of Competition by Axel Börsch-SupanExtending the East Asian Miracle: Microeconomic Evidence from Korea by Martin Neil Baily and Eric ZitzewitzThe Tobacco Deal by Jeremy Bulow and Paul Klemperer
Author: Maxim Boycko Publisher: MIT Press ISBN: 9780262522281 Category : Business & Economics Languages : en Pages : 180
Book Description
Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program -- corporatization, voucher use, and voucher auctions -- are described, as is the responsiveness of privatized firms to outside investors. Finally, the market values of privatized assets are assessed for indications of how much progress the country has made toward reforming its economy. In many respects, privatization has been a great success. Market concepts of property ownership and corporate management are shaking up Russian firms at a breathtaking pace, creating powerful economic and political stimuli for continuation of market reforms. At the same time, the authors caution, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms.
Author: Martin Neil Baily Publisher: Brookings Institution Press ISBN: 081571632X Category : Business & Economics Languages : en Pages : 144
Book Description
The collapse of U.S. productivity growth since the late 1960s has been the most severe and persistent of recent economic problems. This volume reviews the extent of the growth slowdown, evaluates several contributing factors, and suggests strategies for improvement. The authors find that inflation, recessions, oil price fluctuations, and other economic disruptions in the 1970s had an averse effect on economic performance, but, they suggest, a slowing in the pace of innovation and a failure to exploit the benefits of innovation also contributed to the weakness in productivity. Baily and Chakrabarti provide a comprehensive assessment of U.S. technology policy and its importance to growth. They argue for continued support of basic science, even though strength in this area does not give the U.S. economy an immediate competitive advantage, and advocate increased support for "middle ground" and commercial research. They conclude that this support must be structured to preserve the advantages of the market.
Author: Martin Neil Baily Publisher: Brookings Institution Press ISBN: 9780815716310 Category : Business & Economics Languages : en Pages : 260
Book Description
For nearly two decades the U.S. economy has been plagued by two disturbing economic trends: the slowdown in the growth rates of productivity and average real wages and the increase in wage and income inequality. The federal budget is in chronic deficit. Imports have far exceeded exports for more than a decade. American competitiveness has been a source of concern for even longer. Many Americans worry that foreigners are buying up U.S. companies, that the economy is losing its manufacturing base, and that the gap between rich and poor is widening. In this book three of the nation's most noted economists look at the primary reasons for these trends and assess which of the many suggestions for change in policy—whether for increased tax incentives for investment, education reform, or accelerated research and development—are likely to work and which may not work and could even hinder economic development. The author's discuss a variety of issues connected with deindustrialization and diminished competitiveness, distinguishing between problems that would be of real concern and those that should not. They evaluate explanations for slow growth in aggregate productivity in the United States and its relation to slower growth in other industrialized countries. They discuss the performance of the various sectors of the U.S. economy and systematically examine the evidence for and against the major proposals for correcting the adverse trends in productivity and inequity. Growth With Equity clearly explains how the country can accomplish the challenge of accelerating growth and narrowing the gap that separates the rich from the poor. While recognizing that some of their recommendations may be politically painful, the authors stress the importance of adopting a purposeful, long-range policy to encourage growth, ensure equity, and reduce the government's equity.
Author: Martin Neil Baily Publisher: Brookings Institution Press ISBN: 0815725256 Category : Business & Economics Languages : en Pages : 191
Book Description
A Brookings Institution Press and Nomura Institute of Capital Markets Research publication The financial crisis of 2007–08 and the Great Recession caused more widespread economic trauma than any event since the Great Depression. With a slow and uneven recovery, encouraging stability and growth is critical. Financial Restructuring to Sustain Recovery maintains that while each part of the financial services industry can play a useful role in revving up the U.S. economic engine to full capacity, the necessary reforms are sometimes subtle and often difficult to implement. Editors Martin Neil Baily, Richard Herring, and Yuta Seki and their coauthors break recovery down by three areas: Restructuring the housing finance market Reforming the bankruptcy process Reenergizing the market for initial public offerings Included are lessons drawn from Japan's experience in overcoming its long-lasting financial crisis after the collapse of its real estate market in the 1990s. Contributors: Franklin Allen (Wharton School, University of Pennsylvania), James R. Barth (Auburn University College of Business; Milken Institute), Thomas Jackson (Simon School of Business, University of Rochester), Jay R. Ritter (Warrington College of Business, University of Florida), David Skeel (University of Pennsylvania Law School), and Glenn Yago (Milken Institute).
Author: Alexey Malashenko Publisher: Brookings Institution Press ISBN: 0870034138 Category : Political Science Languages : en Pages : 310
Book Description
Russian influence in Central Asia is waning. Since attaining independence, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan have forged their own paths—building relationships with outside powers and throwing off the last vestiges of Soviet domination. But in many ways, Moscow still sees Central Asia through the lens of the Soviet Union, and it struggles to redefine Russian relations with the region. In The Fight for Influence, Alexey Malashenko offers a comprehensive analysis of Russian policies and prospects in Central Asia. It is clear that Russian policy in the formerly Soviet-controlled region is entering uncharted territory. But does Moscow understand the fundamental shifts under way? Malashenko argues that it is time for Russia to rethink its approach to Central Asia. Contents 1. Wasted Opportunities 2. Regional Instruments of Influence 3. Russia and Islam in Central Asia: Problems of Migration 4. Kazakhstan and Its Neighborhood 5. Kyrgyzstan—The Exception 6. Tajikistan: Authoritarian, Fragile, and Facing Difficult Challenges 7. Turkmenistan: No Longer Exotic, But Still Authoritarian 8. Uzbekistan: Is There a Potential for Change? Conclusion Who Challenges Russia in Central Asia?
Author: Bobo Lo Publisher: Brookings Institution Press ISBN: 0815725574 Category : History Languages : en Pages : 370
Book Description
A Brookings Institution Press and Chatham House publication The Russian annexation of Crimea was one of the great strategic shocks of the past twenty-five years. For many in the West, Moscow's actions in early 2014 marked the end of illusions about cooperation, and the return to geopolitical and ideological confrontation. Russia, for so long a peripheral presence, had become the central actor in a new global drama. In this groundbreaking book, renowned scholar Bobo Lo analyzes the broader context of the crisis by examining the interplay between Russian foreign policy and an increasingly anarchic international environment. He argues that Moscow's approach to regional and global affairs reflects the tension between two very different worlds—the perceptual and the actual. The Kremlin highlights the decline of the West, a resurgent Russia, and the emergence of a new multipolar order. But this idealized view is contradicted by a world disorder that challenges core assumptions about the dominance of great powers and the utility of military might. Its lesson is that only those states that embrace change will prosper in the twenty-first century. A Russia able to redefine itself as a modern power would exert a critical influence in many areas of international politics. But a Russia that rests on an outdated sense of entitlement may end up instead as one of the principal casualties of global transformation.
Author: George L. Perry Publisher: Brookings Institution Press ISBN: 9780815705864 Category : Business & Economics Languages : en Pages : 434
Book Description
For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues. Contents include: Articles " Technical Progress and Co-invention in Computing and in the Uses of Computers" by Timothy Bresnahan and Shane Greenstein " Causes and Consequences of Airline Fare Wars" by Steven Morrison and Clifford Winston " Pharmaceutical Innovations and Market Dynamics: Tracking Effects on Price Indexes for Antidepressant Drugs" by Ernst R. Berndt, Iain M. Cockburn, and Zvi Grilches " Power Struggles: Explaining Deregulatory Reforms in Electricity Markets" by Matthew W. White " The Welfare Impacts of Competitive Telecommunications Supply: A Household-Level Analysis" by Frank A. Wolak
Author: Alberto Alesina Publisher: Brookings Institution Press ISBN: 9780815705727 Category : Business & Economics Languages : en Pages : 436
Book Description
For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues. Contents include: Articles " The East Asian Financial Crisis: Diagnosis, Remedies, Prospects" by Steven Radelet and Jeffrey D. Sachs " Self-Control and Saving for Retirement" by David I. Laibson, Andrea Repetto, and Jeremy Tobacman " The Political Economy of Fiscal Adjustments" by Alberto Alesina, Roberto Perotti, and Jos Tavares Reports " The Wealth Dynamics of American Families, 1984-94" by Erik Hurst, Ming Ching Luoh, and Frank P. Stafford " Hours Reductions as Work-Sharing" by Jennifer Hunt
Author: Janice Eberly Publisher: Brookings Institution Press ISBN: 0815739397 Category : Business & Economics Languages : en Pages : 452
Book Description
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.
Author: Maxim Boycko
Author: Martin Neil Baily
Author: Maxim Boycko
Author: Martin Neil Baily
Author: Martin Neil Baily
Author: Martin Neil Baily
Author: Alexey Malashenko
Author: Bobo Lo
Author: George L. Perry
Author: Alberto Alesina
Author: Janice Eberly