• Summary
  • Contents
  • Subject index

This book probes into the workings of business strategies in former socialist countries in East Asia, Central and Eastern Europe and the newly independent states of the former Soviet Union, which are collectively called `transition economies'. It provides a rich and in-depth understanding of fundamental, strategic issues confronted by domestic and foreign firms competing in these newly developed markets.

Strategies of Privatized and Reformed Firms
Strategies of privatized and reformed firms

The owner of a business, when contemplating any change, is led by his own interest to weigh the whole gain that it would probably bring to the business, against the whole loss. But the private interest of the salaried manager, or official, often draws him in another direction: the path of least resistance, of greatest comfort and least risk to himself.

Alfred Marshall (1920)

Chapter 4 suggests that no matter how “reformed” SOEs have become, most of them continue to suffer from a host of governance and performance problems. As a result, privatizing these enterprises has become central to the transition process. It contributes to the transformation of an entire economic system from one in which ...

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