John R. Nellis - Time to Rethink Privatization in Transition Economies? (Discussion Paper (International Finance Corporation))

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title	:	Time to Rethink Privatization in Transition Economies? Discussion Paper (International Finance Corporation) ; No. 38
author	:	Nellis, John R.
publisher	:	World Bank
isbn10 | asin	:	0821345036
print isbn13	:	9780821345030
ebook isbn13	:	9780585217642
language	:	English
subject	Privatization--Europe, Eastern, Privatization--Russia (Federation) , Europe, Eastern--Economic policy--1989- , Russia (Federation)--Economic policy--1991-
publication date	:	1999
lcc	:	HD4140.7.N45 1999eb
ddc	:	338.947
subject	:	Privatization--Europe, Eastern, Privatization--Russia (Federation) , Europe, Eastern--Economic policy--1989- , Russia (Federation)--Economic policy--1991-

Page aa IFC Discussion Papers No. 1 Private Business in Developing Countries: Improved Prospects. Guy P. Pfeffermann No. 2 Debt-Equity Swaps and Foreign Direct Investment in Latin America. Joel Bergsman and Wayne Edisis No. 3 Prospects for the Business Sector in Developing Countries. Economics Department, IFC No. 4 Strengthening Health Servies in Developing Countries through the Private Sector. Charles C. Griffin No. 5 The Development Contribution of IFC Operations. Economics Department, IFC No. 6 Trends in Private Investment in Thirty Developing Countries. Guy P. Pfeffermann and Andrea Madarassy No. 7 Automotive Industry Trends and Prospects for Investment in Developing Countries. Yannis Karmokolias No. 8 Exporting to Industrial Countries: Prospects for Businesses in Developing Countries. Economics Department, IFC No. 9 African EntrepreneursPioneers of Development. Keith Marsden No. 10 Privatizing Telecommunications Systems: Business Opportunities in Developing Countries. William W. Ambrose, Paul R. Hennemeyer, and Jean-Paul Chapon No. 11 Trends in Private Investment in Developing Countries, 199091 Edition. Guy P. Pfeffermann and Andrea Madarassy No. 12 Financing Corporate Growth in the Developing World. Economics Department, IFC No. 13 Venture Capital: Lessons from the Developed World for the Developing Markets. Silvia B. Sagari with Gabriela Guidotti No. 14 Trends in Private Investment in Developing Countries, 1992 edition. Guy P. Pfeffermann and Andrea Madarassy No. 15 Private Sector Electricity in Developing Countries: Supply and Demand. Jack. D. Glen No. 16 Trends in Private Investment in Developing Countries 1993: Statistics for 197091. Guy P. Pfeffermann and Andrea Madarassy No. 17 How Firms in Developing Countries Manage Risk. Jack D. Glen No. 18 Coping with Capitalism: The New Polish Entrepreneurs. Bohdan Wyznikiewicz, Brian Pinto, and Maciej Grabowski No. 19 Intellectual Property Protection, Foreign Direct Investment, and Technology Transfer. Edwin Mansfield No. 20 Trends in Private Investment in Developing Countries 1994: Statistics for 197092. Robert Miller and Mariusz Sumlinski (Continued on the inside back cover.)

Page i Time to Rethink Privatization in Transition Economies? DISCUSSION PAPER NUMBER 38 John Nellis The World Bank Washington, D.C. INTERNATIONAL FINANCE CORPORATION

Page ii Copyright 1999 The World Bank and International Finance Corporation 1818 H Street, N.W. Washington, D.C. 20433, U.S.A. All rights reserved Manufactured in the United States of America First printing May 1999 The International Finance Corporation (IFC), an affiliate to the World Bank, promotes the economic development of its member countries through investment in the private sector. It is the world's largest multilateral organization providing financial assistance directly in the form of loan and equity to private enterprises in developing countries. To present the results of research with the least possible delay, the typescript of this paper has not been prepared in accordance with the procedures appropriate to formal printed texts, and the IFC and the World Bank accept no responsibility for errors. The findings, interpretations, and conclusions expressed in this paper are entirely those of the author(s) and should not be attributed in any manner to the IFC or the World Bank or to members of their Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. Some sources cited in this paper may be informal documents that are not readily available.

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