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IFC Discussion Paper No. 38.QUOTEIt is now universally acknowledged that ownership matters; that private ownership in and of itself is a major determinant of go

This paper reviews a selection of studies on privatization experiences in transition countries. Empirical studies almost invariably show privatized enterprises

The authors' view is that any privatisation is better than none, regardless of whether a stable, competitive environment has been established first. However, pr

Privatization was the fundamental pillar of transition from plan to market in former socialist countries. But little is known about the fate of companies that w