The Banking System in Kazakstan

The Kazakstani banking system, its youthfulness notwithstanding, is developing rapidly. The paper provides an overview of the development experienced by the banking system in Kazakstan focusing on several different sides of the issue, such as the role of the National Bank, its strategy for the recovery of the commercial banks, the privatization of the banks and the financial system model to be adopted.Kazakstan, National Bank, Economic Reform, Financial Sector, Economic Transition

Privatization in Mongolia

This report is divided into four parts. The first part discusses the first wave of privatization. The second part discusses the development of the capital market in Mongolia; the third part presents and discusses the second wave cash privatization program. And the fourth part offers some new options.Privatization, Mongolia, Transition Economies

Foreign Privatization in Poland

Article describes role foreign direct investment (FDI) in long-term development of the former socialist countries of Central and Eastern Europe. FDI is the most common vehicle used by foreign investors when entering new markets with their own products and technologies. CEE countries have a large potential need for FDI. Foreign investments can be the driving forces toward achieving the four following goals: combat the lack of foreign capital, accelerate the privatization process of CEE economies, introduce modern technology and management techniques, supply the local markets with quality products. Early optimism about CEE economic reforms and resulting large FDI inflows was based on the expected opening up of new markets with good growth prospects, the existence of a skilled labor force and low labor costs, and relatively low cultural barriers, particularly for West European companies investing in Central Europe. The emergence of a large number of potentially highly profitable new investment opportunities was expected to generate a flow of FDI as well as internal funds to finance new investment. Since then, both sides have reassessed the potential costs and benefits. To date, the volume of FDI into CEE countries has been very small, the technology is in most cases outdated, and the management skills of Western investors are disappointing. From the other side, the costs of doing business for Western companies in the CEE are much higher than they expected and the anticipated benefits have been lower, at least in the short to medium term. Is there a more accurate assessment of the that situation? In this paper, the authors attempt to: present the real growth in FDI from a global perspective; examine the structure of the CEE investment; put forth some basic political recommendations to promote an active strategy and policy towards FDI which the CEE countries can incorporate into the enhancement of their indigenous competitive advantage and capabilities.Central and Eastern Europe, Foreign Direct Investment, Economic Reforms

Privatization in the Republic of Kazakhstan

In 1991 the Kazakhstan government has embarked on an ambitious economic reform program, in which privatization would be both the driving force and an important component for the successful transformation of the Kazakh economy. A fast transferal of government-owned assets and services to the private sector was regarded as the key to the success of all these transformation efforts. The paper provides an analyses of the first two phases of privatization process in Kazakhstan.Kazakhstan, Privatization, Transition

Voucher Privatization in Russia: First results and experiences

The main political problem faced by architects of the Russian VPP was the question of satisfying the interests of all partners taking part in privatization: employees, management, citizens and potential strategic investors. Therefore, a very rigid procedure of shares distribution was introduced in the program. This procedure assumed three rounds: closed subscription round,voucher auctions round and investment tenders round. Length: 47 PagesVoucher, privatization, transition economies

Das wirtschaftliche Lenkungssystem Polens: Indikatoren u. Determinanten seiner Entwicklung 1944 - 1984

SIGLEAvailable from Bibliothek des Instituts fuer Weltwirtschaft, ZBW, Duesternbrook Weg 120, D-24105 Kiel B 210766 / FIZ - Fachinformationszzentrum Karlsruhe / TIB - Technische InformationsbibliothekDEGerman