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EXPERIENCE OF PRIVATIZATION IN EASTERN GERMANY *
Author(s) -
BREMEIER Wolfram
Publication year - 1996
Publication title -
annals of public and cooperative economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.526
H-Index - 37
eISSN - 1467-8292
pISSN - 1370-4788
DOI - 10.1111/j.1467-8292.1996.tb01912.x
Subject(s) - public sector , legislature , private sector , productivity , economic sector , business , economic policy , market economy , economics , economic growth , economy , political science , law
** : The analysis of the experience of privatization in Eastern Germany shows that the boundaries between the private and public sectors will become increasingly blurred, with the public sector becoming more like the private sector. One may also expect that employment will fall and productivity greatly increase. The legislature's urge to regulate everything will ultimately subside but the public sector will continue to be of vital importance for the economy as a whole. A modernized public sector will be able to deploy its services to make an important contribution to economic growth and employment.