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Reestablishing Private Business Previously Socialist Economies
Oleh:
Wessel, Robert H.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 27 no. 1 (1992)
,
page 30-35.
Topik:
BUSINESS
;
private business
;
socialist economies
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Privatization will proceed at differing rates in socialist economies, depending on prior experience with competition and with private businesses. To be successful, inefficient businesses must be allowed to fail. Owners of firms must have propritary interests, adequate capital markets must be developed, and a connection must be established between effort and renumeration. Capital infusions are needed, which may be provided from outside. The west must open its markets to eastern european goods. The time frame to accomplish this is limited, so that assistance to speed the process would be well spent.
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