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Privatisation in Central Europe: Different Legacies, Methods, and Outcomes

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  • A M Williams

    (Department of Geography, University of Exeter, Amory Building, Rennes Drive, Exeter EX4 4RJ, England)

  • V Balaz

    (Institute of Forecasting, Slovak Academy for Sciences, Sancova 56, 811 05 Bratislava, Slovakia)

Abstract

Privatisation and the redistribution of property rights are key features of the transformation of the economic and political space of Central Europe. Within this region there have been important national differences in the experiences of privatisation: in terms of the legacies of the state-socialist period, in the methods of privatisation, and in the outcomes in terms of property rights. We explore three major aspects of privatisation. First, we revisit the path-dependent nature of privatisation, as a process which is influenced above all by national economic and political structures, including relationships in and around the state. Second, we argue that with emphasis on path dependency there is a failure to give sufficient attention to the way in which there was a significant shift in course of transformation in the range of strategics available to the main agents in the privatisation process; in particular, a high degree of control over property rights was achieved in the ‘third wave’ of privatisation by a small number of agents in the context of weak reregulation and corporate governance. Third, we investigate the nature of the third wave of privatisation through the functioning of networks of firms in the Czech and the Slovak Republics.

Suggested Citation

  • A M Williams & V Balaz, 1999. "Privatisation in Central Europe: Different Legacies, Methods, and Outcomes," Environment and Planning C, , vol. 17(6), pages 731-751, December.
  • Handle: RePEc:sae:envirc:v:17:y:1999:i:6:p:731-751
    DOI: 10.1068/c170731
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    References listed on IDEAS

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    1. Mark Knell (ed.), 1996. "Economics of Transition," Books, Edward Elgar Publishing, number 875.
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    Cited by:

    1. Allan M. Williams & Vladimir Baláž, 2005. "Winning, then Losing, the Battle with Globalization: Vietnamese Petty Traders in Slovakia," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 29(3), pages 533-549, September.
    2. Michael Howlett & Pablo del Rio, 2015. "The parameters of policy portfolios: verticality and horizontality in design spaces and their consequences for policy mix formulation," Environment and Planning C, , vol. 33(5), pages 1233-1245, October.
    3. Magdolna Sass & Jana Vlčková, 2019. "Just Look behind the Data! Czech and Hungarian Outward Foreign Direct Investment and Multinationals," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(supplemen), pages 73-105, December.
    4. Michael Howlett & Joanna Vince & Pablo del Río, 2017. "Policy Integration and Multi-Level Governance: Dealing with the Vertical Dimension of Policy Mix Designs," Politics and Governance, Cogitatio Press, vol. 5(2), pages 69-78.

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