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A Note on Economic Liberalization and Privatization in Hungary and Egypt

22 Pages Posted: 10 Aug 2010  

Jean E. Tesche

US Treasury Office of Techincal Assistance; Sarajevo Graduate School of Business

Sahar Tohamy

affiliation not provided to SSRN

Date Written: 1994

Abstract

Divestiture of public sector assets is only one part of a broad definition of privatization. A more comprehensive evaluation should include economic liberalization policies, and the development of the legal and institutional infrastructure for the private sector as well. We compare the background and recent economic reforms in Hungary and Egypt in these terms. We show that most of Egypt's privatization and much of Hungary's has come through the relaxation of government interference in the private sector. We conclude that divestiture of public enterprises should not be the exclusive, or even main, concern of government policy or external advice.

Suggested Citation

Tesche, Jean E. and Tohamy, Sahar, A Note on Economic Liberalization and Privatization in Hungary and Egypt (1994). Comparative Economic Studies, Vol. 36, Issue 2, pp. 51-72, 1994. Available at SSRN: https://ssrn.com/abstract=1656221 or http://dx.doi.org/10.1057/ces.1994.11

Jean E. Tesche (Contact Author)

US Treasury Office of Techincal Assistance ( email )

740 15th St. 4th Floor
Washington, DC 20005
United States
226 72 33 10 70 (Phone)

Sarajevo Graduate School of Business ( email )

Sarajevo, 71000
Bosnia and Herzegovina

Sahar Tohamy

affiliation not provided to SSRN

No Address Available

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