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The large-scale efforts to privatize the economics of the former socialist countries of Central and Eastern Europe may constitute the major economic undertaking of the decade. This book focuses on the process of privatization taking place in these countries, in particular on the transfer of state or socially-owned enterprises to private hands.;The seven contributors from Central and Eastern Europe deal with the following and other questions: should nationalized property be returned to its former owners or do they have the right to claim compensation?; should part of an enterprise's wealth accumulated under state ownership be distributed to the workers of that enterprise or even to all citizens of that country?; should the transformation from a state or socially-owned enterprise to a private enterprise occur gradually or is quick large-scale privatization more effective?; which company forms prevail in recently adopted legislation; how are state or socially-owned enterprises valuated and sold?; and how can foreign investors participate in the privatization process?