PARADOKSI PRIVATIZACIJE U ISTOČNOJ I SREDNJOJ EUROPI
PRIVATIZATION PARADOXES IN EAST AND CENTRAL EUROPE

Summary/Abstract: ln the last three years privatization has become a keyword of the epochal socio-economic transitions taking place in East Central Europe. In economic terms privatization is expected to create an efficient, competitive, fully fledged market economy, able to pull out the region's countries from their recession. In political terms it appears as a guarantee that the radical changes will remain irreversible and that through the redistribution of economic and political assets wide-reaching democracy and social justice will be achieved. Far from these high expectations at present all Hungary, Czechoslovakia and Poland suffer from a deep crisis, still decaying outputs and living standards, growing unemployment and social inequalities. Although the question of ownership seems to dominate both the media and political decision-making centers, privatization is taking place slowly and amidst major contradictions.

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