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Old 01-24-2012, 11:23 AM
 
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Interesting profile on Poland and it's role as a new model for transitioning from dictatorship to democracry and capitalism.




Poland - Economic & Political Model - YouTube
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Old 01-24-2012, 11:29 AM
 
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After the Soviet collapse in the early 90's many eastern European countries trying to move towards market economies had problems related to increasing privatization. In many countries this move towards privatization led to corruption. But Poland was able to avoid these problems because of the way they went about privatization. Here's some info on their approach to privatization.

Quote:
McDermott believes that Poland’s unwillingness to impose mass privatization has contributed greatly to its current prosperity. Poland set up a worker leasing method instead, by which about 67% of firms were privatized. The government gave managers and employees the opportunity to lease the firms, with an option to buy over time. In order to apply for the leasing program, the firm had to have 50% approval of the employees.

Signup - Knowledge@Emory
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Old 01-24-2012, 12:14 PM
 
Location: OH->FL->NJ
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We shall see. Interesting hybrid model.
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Old 01-27-2012, 12:58 PM
 
7,540 posts, read 11,408,938 times
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I wonder what got Poland to use that leasing approach for expanding privatization? I know Estonia used an auction approach to privatize. I think both Poland and Estonia can serve as examples for countries moving towards market economies. I'd like to see Cuba borrow some ideas from them.
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