Privatization in Bosnia

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Anthony E


Date added:

February 26, 2014








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19 / 5282


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Additionally, individuals can respond to market conditions faster and more efficiently than the state itself. Hence, the transfer of ownership from the state to private agents is a key process in transition. Some authors even argue that privatization is transition (Bennett et al. 5), since it leads to redistribution of power and lays the foundations for development of a free market...
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In a broader sense, privatization includes all processes that help countries move from socialism to capitalism. These processes emphasize the rights and responsibilities of individuals and reduce the role of the state (Ledyaeva). A broader view of privatization helps to explain the interplay between the politics and the economic system of any country...
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