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The development of cooperatives and the leasing of and issuance of shares to state enterprises represent futile efforts at privatization. One option is accelerated privatization by way of free distribution of shares to the population or to workers alone. Another is the creation of a legal structure that will allow private enterprises to emerge from state enterprises with a minimum of red tape. Economic units of state enterprises may also be privatized on their own volition. Finally, planners can create enterprises that can be broken up after they have served their purpose.

Investigates the relationship between the privatized sector and generic private sector in post-communist privatization. Interaction between the evolving framework and the expansion of the generic private sector; Importance of the emerging general trust as a standard transition program; Circumstances leading to the emergence of the institutional framework.

Outlines the problems of privatization in Eastern Europe. Comparison of privatization in former communist and Western countries; Denationalization in socialist countries; Scope and framework of privatization.