State sell-offs stall
Article Abstract:
Eastern European countries have started privatizing their industries, with great difficulty. The move, seen as a means of dismantling centrally planned economies and improving industry performance, has been problem-laden from the start, with the unenthusiastic response of foreign investors, poor domestic economies, and the dissolution of the communist trading system under the Council for Mutual Economic Assistance (Comecon). Among the eastern European nations pursuing privatization programs, only Hungary seems to be attaining some success, but it still has a long way to go before it can dispose of its 2,300 state-owned businesses to the private sector. Saving eastern European industries clearly requires major structural adjustment and reorientation.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1991
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The odds against harmony
Article Abstract:
The European Commission is under pressure to harmonize the gaming and gambling industry in Europe in line with the move towards a single European market. The threat of litigation from industry leaders and the impact of technology has prompted the Commission to undertake an investigation into the state of Europe's Ecu45.5 billion betting market. The issue is highly complex given the markedly different attitudes towards gaming and gambling in the 12 member countries of the European Community and the widespread belief that it should be exempted from single-market rules on public interest grounds.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1991
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Happy Danes
Article Abstract:
Denmark is a Scandinavian country with a population of 5 million and a vibrant economy that enjoys low inflation, trade surpluses, and high productivity. An unemployment rate of over 10% is perhaps the only dark spot in an economy that supports one of the world's highest living standards. Its economy is characterized by a plethora of small- and medium-sized companies involved in agricultural, industrial and maritime activities. A member of the European Community since 1973, it is extremely well-positioned to reap the benefits of the planned integration of the European market.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1991
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