How to Privatize Successfully – Part II

How to Privatize Successfully – Part I

If privatisation needs to be done, it has to be done because it is the decisive step in transforming the economic system. Regarding foreign help Dr Klaus is very blunt: I think that the typical foreign help was sending would-be advisors and consultants. It became one of the most profitable businesses in the 1990s – to become a consultant and advisor in the transforming societies.

Their recommendations weren’t useful and not very good. You have had some

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How to Privatize Successfully – Part I

Changing the economic system is not an easy task. And, of course, it is more complex when carried out half-heartedly. As privatisation is only a part of this process, it may not succeed if done in an isolated manner. It needs certain other changes and a competitive environment to bear fruit.
A case in point is Czechoslovakia. It provides us with a very good learning experience to see how after the fall of a collectivist state the gigantic task of changing the economic system was handled.
Presently, Dr Vaclav Klaus is

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