Call Boomerang Books 1300 36 33 32

Description - Privatizing Russia by Maxim Boycko

This work 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 autumn of 1991, mass privatization was completed on July 1, 1994, with two thirds of Russian industry privately owned, a rapidly rising stock market and 40 million Russians owning company shares. The authors describe the events and the ideas driving privatization, arguing that successful reformers must recognize privatization as a process of depoliticising firms in the face of massive opposition: making the firm responsive to market rather than political influences. The book first reviews the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. It then details the process of coalition building and compromise that ultimately shaped privatization. The main elements of the Russian programme - 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 success. Market concepts of property ownership and corporate management are shaking up Russian firms, creating powerful economic and political stimuli for continuation of market reforms. At the same time, however, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms.

Buy Privatizing Russia by Maxim Boycko from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780262522281
ISBN-10: 0262522284
Format: Paperback
(203mm x 137mm x 15mm)
Pages: 176
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 22-Jan-1997
Country of Publication: United States

Other Editions - Privatizing Russia by Maxim Boycko

Book Reviews - Privatizing Russia by Maxim Boycko

» Have you read this book? We'd like to know what you think about it - write a review about Privatizing Russia book by Maxim Boycko and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review


Author Biography - Maxim Boycko

Junko Ito is Professor of Linguistics at University of California, Santa Cruz.

Books By Maxim Boycko

Post-Communist Reform by Maxim Boycko
Hardback, October 1993
$52.19