LEADER 03989nam 2200697 a 450 001 9910962928403321 005 20251116141308.0 010 $a0-262-26908-2 010 $a0-585-02411-1 035 $a(CKB)111000211166106 035 $a(OCoLC)42329052 035 $a(CaPaEBR)ebrary2001006 035 $a(SSID)ssj0000227717 035 $a(PQKBManifestationID)11215897 035 $a(PQKBTitleCode)TC0000227717 035 $a(PQKBWorkID)10269744 035 $a(PQKB)10787087 035 $a(SSID)ssj0001141338 035 $a(PQKBManifestationID)12374448 035 $a(PQKBTitleCode)TC0001141338 035 $a(PQKBWorkID)11090090 035 $a(PQKB)11661480 035 $a(MiAaPQ)EBC3338419 035 $a(Au-PeEL)EBL3338419 035 $a(CaPaEBR)ebr2001006 035 $a(OCoLC)923251505 035 $a(BIP)50723686 035 $a(BIP)47260924 035 $a(EXLCZ)99111000211166106 100 $a19941121d1995 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPrivatizing Russia /$fMaxim Boycko, Andrei Shleifer, Robert Vishny 205 $a1st ed. 210 $aCambridge, Mass. $cMIT Press$dc1995 215 $a1 online resource (175 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a0-262-52228-4 311 08$a0-262-02389-X 320 $aIncludes bibliographical references and index. 327 $aIntro -- Contents -- Preface -- Introduction -- Political Control of Economic Activity -- Paths to Efficient Ownership -- The Russian Privatization Program -- Results of Russian rivatization -- From Privatization to Restructuring -- Conclusion -- Index. 330 $aPrivatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program--corporatization, voucher use, and voucher auctions--are described, as is the responsiveness of privatized firms to outside investors. Finally, the market values of privatized assets are assessed for indications of how much progress the country has made toward reforming its economy. In many respects, privatization has been a great success. Market concepts of property ownership and corporate management are shaking up Russian firms at a breathtaking pace, creating powerful economic and political stimuli for continuation of market reforms. At the same time, the authors caution, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms. 606 $aPrivatization$zRussia (Federation) 606 $aCapitalism$zRussia (Federation) 607 $aRussia (Federation)$xEconomic policy$y1991- 615 0$aPrivatization 615 0$aCapitalism 676 $a338.947 700 $aBoycko$b Maxim$01867670 701 $aShleifer$b Andrei$0141613 701 $aVishny$b Robert W$g(Robert Ward)$0141614 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910962928403321 996 $aPrivatizing Russia$94475343 997 $aUNINA