Abstract
The transformation of socio—economic systems is the outcome of complex changes in institutions and economic and non—economic variables. Transformation can take place in different ways (cf. Wagener 1993), provided that changes in various areas are mutually compatible, that other elements of the socioeconomic system adapt, and that barriers to change are overcome.
The research on which this paper is based was financially supported by the Department of Economics, University of Trento as a part of a research project on La privatizzazione: un’analisi economica delle motivazioni e delle conseguenze (Privatization: An economic analysis of motivations and consequences). The author thanks Luisa Segnana (University of Lecce), Vittorio Valli (University of Turin), Hans-Jürgen Wagener (University of Groningen) and the participants in the Fourth Colloquium on Transformation, Werner-Reimers-Stiftung, Bad Homburg, for their helpful comments on an earlier version of this paper. However, responsibility for all contents of the paper rests solely with the author.
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Dallago, B. (1994). Some Reflections on Privatization as a Means to Transform the Economic System: The Western Experience. In: Wagener, HJ. (eds) The Political Economy of Transformation. Studies in Contemporary Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-52404-2_7
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DOI: https://doi.org/10.1007/978-3-642-52404-2_7
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