Abstract

A prominent American economist and leading foreign advisor to Russian President Boris Yel'tsin comments on prospects for privatization by focusing on selected aspects discussed in a paper on managerial strategies for spontaneous privatization. Issues raised here include the need for more thorough understanding of the economic consequences of privatization, the precise characteristics of legal changes designed to bring it about, the role and relative importance of “insiders” and “outsiders” in the privatization process, and the potential of latent reserves of entrepreneurial talent in privatizing struggling enterprises. Journal of Economic Literature, Classification Numbers: P20, L2.

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