After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies

After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies

With the collapse of communism in Eastern Europe and the Soviet Union in 1989-91, many economic reformers supported "Big Bang" privatization-the rapid transfer of state-owned enterprises to private individuals. It was hoped that Big Bang...

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Bibliographic Details
Main Authors:	Hoff, Karla, Stiglitz, Joseph E.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	RULE OF LAW TRANSITION ECONOMIES ECONOMIC REFORM LAW & ECONOMICS PRIVATIZATION STATE-OWNED ENTERPRISES INSTITUTIONAL FRAMEWORK LEGAL FRAMEWORK INVESTOR PROTECTION POLITICAL ACCOUNTABILITY VALUE SYSTEMS ASSET DIVESTITURE CORPORATE CULTURE MONETARY POLICY INVESTMENT RETURNS ECONOMIC GROWTH ACTIONS ACTS ADVERSE EFFECTS AGGREGATE DEMAND AGGREGATE SUPPLY ASSETS BANKRUPTCY CAPITAL FLIGHT CAPITAL FORMATION CAPITAL MARKET CAPITAL MARKETS CIVIL SOCIETY CODES COMMUNISM CONSTANT RETURNS TO SCALE CORRUPTION DEBT DEVELOPMENT ECONOMICS DISCRETION ECONOMIC EFFICIENCY ECONOMIC OUTCOMES ECONOMIC STRATEGIES ECONOMISTS EFFECTIVE STRATEGY EQUILIBRIUM EXPECTED VALUE EXPORTS EXTERNALITIES EXTERNALITY FREE ELECTIONS GDP INCOME INSTITUTIONAL CHANGE INSURANCE INTERMEDIATE GOODS JUDGES JUSTICE LAWS LEGAL INSTITUTIONS LOBBYISTS MEDIA METALS NASH EQUILIBRIUM NATURAL RESOURCES NATURAL] RESOURCES OIL PAYOFFS POLITICAL ECONOMY POLITICAL PARTIES PRIVATE PROPERTY PROFESSIONALS PROPERTY RIGHTS PUBLIC GOOD SAVINGS SECURITIES SOCIAL INSURANCE STEALING STOCK COMPANIES UTILITIES VOTERS VOTING WEALTH WEALTH CREATION
Online Access:	http://documents.worldbank.org/curated/en/2002/12/2107993/after-big-bang-obstacles-emergence-rule-law-post-communist-societies http://hdl.handle.net/10986/19199

Internet

http://documents.worldbank.org/curated/en/2002/12/2107993/after-big-bang-obstacles-emergence-rule-law-post-communist-societies
http://hdl.handle.net/10986/19199