2002•Unpublished venueRequires access
The theoretical problems of privatization
Kamil Fuchs
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Abstract
Privatization is one of the key elements of an economic system
undergoing transformation from a centrally planned economy into
a market economy. It is a fact that the process of
privatization is the most widely discussed step in the
transformation process. It is not the process which is
questioned, but the forms. During the first half of the 1990s a
really marked transition from state to private ownership began
and, in this sense, a successful wave of privatizations was
carried out. This is emphasized by those who were present at
the beginning of economic reform. Author associates the year
1995 with the formal termination of privatization, while the
establishment of private-ownership relations will still require
a great deal of effort.