Enterprise Reform and Privatization in Socialist Economies (World Bank Discussion Paper)

State-owned enterprises were the dominant players in socialist economies during the past four decades. Yet most such governments had become dissatisfied with these enterprises over time. Among the main problems were: -- Inefficiencies of production methods -- Stagnating production rates -- Poor quality of the items produced -- High pollution rates -- Lack of technological innovation This report review the attempts of seven socialist countries to reform their state-owned enterprises -- Algeria, China, Hungary, Laos, Mozambique, Poland, and Yugoslavia. The report assesses the experience of these countries to date and forecasts future prospects for reform. Through their analysis, the augthors provide guidance for other socialist countries seeking to open their economies.Nellis, John R. is the author of 'Enterprise Reform and Privatization in Socialist Economies (World Bank Discussion Paper)' with ISBN 9780821316665 and ISBN 0821316664.