Here is the synopsis of our sample research paper on PRIVATIZATION: EASTERN EUROPE AND THE UK. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This paper examines the concept of privatization in both the former communist block and Eastern Europe. Under discussion are programs necessary to assist in decentralization of state-owned businesses and assets, as well as a "status report" of privatization. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: D0_MTprivat.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
and economies underwent profound shifts. Unlike more Western countries such as the United States or Great Britain, these economies were state-owned, and there was little in the way of competition
or free market forces. Much of the 1990s has involved many of these countries and their struggle to move from a once state-sanctioned economy into privatization. Eastern Europe, however, isnt
the only region that is struggling to understand and incorporate privatization. The United Kingdom, though a Western region, has had industries that have been tightly controlled by the state, and
therefore arent at the whim of free market forces. This paper will examine some of the struggles and programs that both Eastern Europe and the UK have undergone in order
to move more toward privatization of industries and economies. One aspect of the Eastern European economy is that, at one time, the
economies themselves were centrally controlled, rather than regionally controlled (Grove, 1998). Businesses were controlled as well, with governments exerting iron grips on supply chains and consumer spending (Grove, 1998). Many
of the programs, therefore, have involved helping this region assist the transition and decentralization of Eastern Europe and the Former Soviet Union - or FSU (Grove, 1998). As a result
of the transition, accountant Peter Grove noted that economies overall in the former communist block have experienced considerable declines over the past decade (Grove, 1998). Although demand still exists, suppliers
want hard currency (which is not available), rather than resorting to the barter system that former communist countries relied on (Grove, 1998). It should probably be unsurprising that bad debts
and stagnant cash flow have been a part of business life in the post-communist era (Grove, 1998). Another factor in the state-owned
...