Privatization Decision-makers in Russia PDF Download

Author: Rufat O. Babaev
Publisher:
ISBN:
Category :
Languages : en
Pages : 124

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Author: Dmitri Ouvarovskii
Publisher: GRIN Verlag
ISBN: 363879556X
Category : Political Science
Languages : en
Pages : 36

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Book Description
Seminar paper from the year 2007 in the subject Politics - International Politics - Region: Russia, grade: A, York University, 13 entries in the bibliography, language: English, abstract: Fragmentation of state authority, lack of a clear legislative base, unreliability of the legal system, collapse of the industry, bisection of the GDP, runaway inflation, capital flight, rises in crime and corruption, tremendous decline in life expectancy: the political, economic and social results of Russia's transition from plan to market under Yeltsin are devastating. Within a few years the "mighty" Soviet Union fell back from a major power to a third world economy, dealing with problems like mass poverty and epidemics. In light of these disastrous outcomes the question of what "went right" during the transition process seems to be even more appropriate then the question of what "went wrong". However, while it seems to be obvious that the stabilization and liberalization attempts by the Russian government predominantly failed, privatization, the third core facet of transition1, "has been touted as a one of the major successes of the Russian government's economic transformation policy. By the beginning of 1996 77.2% of medium-size and large enterprises had been privatised, accounting for 88.3% of total industrial output."2 On the one hand, according to the Russian government's Western advisers this privatization is the fastest in human history and "seems to be one of the few positive fruit of Russian economic policy since 1991"3. On the other hand, a common point of view is that its implementation led to an unfair distribution of state assets and only benefited a minority of Russian population. This debate is going to be the main focus of this paper. By discussing the general importance of the private sector to a democracy, the aims of privatization, its subsequent reforms, and its results, I intend to assess the contribution of these reforms to the process of Russian

Author: Alfred Kokh
Publisher: SP Books
ISBN: 9781561719846
Category : Business & Economics
Languages : en
Pages : 248

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Never before has there been an attempt to transform a massive state-owned economy into a dynamic free market system. The story of the conversion of the dinosaur Marxist Soviet state into the free-wheeling capitalist society of today's Russian Federation is one of the most compelling dramas in history. This tale includes violence, corruption, and a web of political conspiracy. It is a true-life economic-political thriller. Who are the new Russian financial magnates who are grabbing former state property? What were the terms for disposing of the state's immense wealth to private investors? What was the role of American financiers? These questions, and more, are answered here. In addition to what he saw with his own eyes (in the crucial period between 1992 and 1997), Kokh also paints vivid pictures of the influential decision-makers that he worked closely with, including Anatoly Chubais, the little known Kremlin kingpin who ran Boris Yeltsin's re-election campaign and served as both Deputy Prime Minister and Finance Minister. Kokh uses his expert knowledge of the Russian government to bring readers into the momentous meetings that changed the world, including his cogent analysis of events occurring in Russia at the present time.

Author: Carol Scott Leonard
Publisher:
ISBN: 9781138904859
Category : Post-communism
Languages : en
Pages : 0

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This work, written by two senior advisors to the Russian government and with unique access to documentation, tracks the decision making process in the Russian Mass Privatization process supplemented by interviews with many of the key participants.

Author: Maxim Boycko
Publisher: MIT Press
ISBN: 9780262522281
Category : Business & Economics
Languages : en
Pages : 180

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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: Marshall I. Goldman
Publisher: Routledge
ISBN: 1134376847
Category : Business & Economics
Languages : en
Pages : 348

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In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires.

Author: L. Sim
Publisher: Springer
ISBN: 023059476X
Category : Political Science
Languages : en
Pages : 227

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Book Description
A study of the actors and institutions that shaped decision-making on privatization in the Russian oil industry between 1992 and 2006. The book analyses the origins of privatization as a policy on a macro, industry-wide level, as well as presenting three in-depth case studies of privatization on a company level.

Author: Harry G. Broadman
Publisher: World Bank Publications
ISBN: 9780821342312
Category : Political Science
Languages : en
Pages : 112

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Book Description
Since the advent of reform in 1992, the Russian authorities have made substantial strides toward creating a market economy through privatization. Recently, Russian authorities have established an institutional framework for a 'case-by-case' approach that ensures transparency and competition through the use of independent financial and other advisers. This paper contains the principal presentations made at a World Bank workshop on the lessons of international experience in case-by-case privatization.

Author: United States. Congress. House. Speaker's Advisory Group on Russia
Publisher:
ISBN:
Category : Russia (Federation)
Languages : en
Pages : 220

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Author: OECD
Publisher: OECD Publishing
ISBN: 9264402780
Category :
Languages : en
Pages : 110

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Book Description
Policy makers and privatisation experts agree that it is critical to “get privatisation right.” A well-planned and executed transaction, backed by sound rationales, institutional and regulatory arrangements, good governance, and integrity can have consequences on future divestment activity by enhancing investor confidence while gaining the support of stakeholders and the public.