Legal framework for private sector development in a transitional economy

the case of Poland

Publisher: Country Economics Dept., World Bank in Washington, DC (1818 H St. NW, Washington 20433)

Written in English
Published: Pages: 33 Downloads: 138
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Places:

  • Poland,
  • Poland.

Subjects:

  • Commercial law -- Poland.,
  • Real property -- Poland.,
  • Investments, Foreign -- Law and legislation -- Poland.,
  • Poland -- Economic policy -- 1990-

Edition Notes

StatementCheryl W. Gray ... [et al.].
SeriesPolicy research working papers ;, WPS 800
ContributionsGray, Cheryl Williamson, 1954-, World Bank. Socialist Economies Reform Unit.
Classifications
LC ClassificationsKKP920 .L43 1991
The Physical Object
Pagination33 p. ;
Number of Pages33
ID Numbers
Open LibraryOL1777261M
LC Control Number92132805

In transition countries, despite the apparently enormous potential for private involvement in the fi nancing and operation of hard infrastructure, the actual application of PPPs has been slow and limited. Queiroz () attributes this phenomenon to the lack of an appropriate legal framework, economic and political instability. Economic inclusion, the opening up of economic opportunities to under-served social groups, is integral to achieving a transition towards sustainable market economies.. An inclusive market economy ensures that anyone regardless of their gender, place of birth, family background, age or other circumstances, over which they have no control, has full and fair access to labour markets, finance and. Under this model, the private sector designs and builds a facility. Once the facility is completed, the title for the new facility is transferred to the public sector, while the private sector operates the facility for a specified period. This procurement model is also referred to as Build-Transfer-Operate (BTO). •. enterprise development in the development process in an increasingly private-sector-driven global economy. Publications in this Series are expected to stimulate discussion among policy makers, practitioners and researchers involved in SME promotion, concerning the contribution of SMEs to national competitiveness and how they can be better.

economy perspective to the fields of private sector and market development (DCED, ). The approach is a framework for understanding ‘political markets’ and the role that vested interests, weak institutions and coordination failures can play in distorting market access, particularly for . and how fast, we want to manage this inevitable transition. Good policy offers short- and long-term economic, social, and environmental benefits. But success in increasing our overall resilience ultimately depends on the private sector’s ability to adopt and profitably .   Framework purpose and development The aim of Good Governance in the Public Sector (International Framework) is to encourage better service delivery and improved accountability by establishing a benchmark for good governance in the public sector. The International Framework is not intended to replace national and sectoral governance codes. development of a commercial banking sector and effective tax system, labor market regulations The reform of greatest importance seems to be that countries that placed emphasis on the development of a functioning legal framework and rather than economic transition.

Britain's generosity in the world has allowed us to help the poorest countries to get on the road to industrialisation through economic development and private sector investment in the world's most difficult frontier markets, where jobs and economic opportunities are desperately needed. and medium enterprise development, and ways to help businesses increase innovation and productivity. The examples below represent a small slice of our research support for private sector development. Our aim is to gen - erate practical, policy-relevant insights that can help enterprises transition from surviving to thriving. Fostering. (v) Sustainable development is dependent on the State having overall responsibility for managing information about the ownership, value and use of land, even though the private sector may be extensively involved; and (vi) Both land and information about land are resources that must be husbanded in order to achieve economic growth. Transition Economies and the Pros and Cons of Private Sector v/s Government Institutions Introduction A transition economy can be defined as an economy which is undergoing a change. This change in the economy is due to the fact, that there is a modification in the centrally planned economy, i.e. made by the government towards an incentive.

Legal framework for private sector development in a transitional economy Download PDF EPUB FB2

Policy changes to reverse the former command system may be enough to initiate the transition. But without an appropriate legal framework, they will be insufficient for long-term development. A major objective of Vietnam's transition to a market economy has been to reactivate the private sector in a mixed economy.

The emerging legal framework for private sector development in Viet Nam's transitional economy (English) Abstract. A major objective of Viet Nam's transition to a market economy has been to reactivate the private sector in a mixed by: Emerging legal framework for private sector development in Viet Nam's transitional economy.

Washington, D.C.: World Bank, Policy Research Dept., Transition Economics Division, [] (OCoLC) Material Type: Government publication, International government publication, Internet resource: Document Type: Book, Internet Resource.

Private (especially foreign) investors find Viet Nam's legal framework the most serious impediment to investment. Policy changes to reverse the former command system may be enough to initiate the transition.

But without an appropriate legal framework, they will be insufficient for long-term development.A major objective of Viet Nam's transition to a market economy has been to. The legal framework for private sector development in a transitional economy: the case of Poland Article (PDF Available) January with 35 Reads How we measure 'reads'.

Downloadable. The economies of Central and Eastern Europe are in the midst of a historic transition from central planning and state ownership to development of a market-driven private sector.

This transition requires comprehensive changes in"rules of the game"- including the legal framework for economic activity. A market economy presupposes a set of property rights and a system of laws or.

The emerging legal framework for private sector development in Viet Nam's transitional economy. By Pham van Thuyet. Get PDF (3 MB) Abstract. A major objective of Viet Nam's transition to a market economy has been to reactivate the private sector in a mixed economy. Legal Reform for Trade. Investment and Economic Development.

The emerging legal framework for private sector development in Viet Nam's transitional economy. Pham van Thuyet. NoPolicy Research Working Paper Series from The World Bank Abstract: A major objective of Viet Nam's transition to a market economy has been to reactivate the private sector in a mixed economy.

Several new laws have been introduced in the past five years to implement this. A major objective of Viet Nam's transition to a market economy has been to reactivate the private sector in a mixed economy.

Several new laws have been introduced in the past five years to implement this policy and to create an enabling environment for the private sector. The Emerging Legal Private (especially foreign) investors find Viet Nam's Ie(a; Framework for Private framework the mostseriou Sector Development impediment to investment.

Policy changes to reverse the in Viet Nam ' s former command system mray Transitional Economy be enough to initiate the transition. But withoUt an appropriate legal framewocl. Get this from a library. The Legal framework for private sector development in a transitional economy: the case of Poland.

[Cheryl Williamson Gray; World Bank. Socialist Economies Reform Unit.;] -- Poland is rapidly developing a reasonable legal framework to support its transition to a market economy.

Yet legal practice lags behind. Precedent and expertise must be built through training and. Transition indicators. The existence of private property rights may be the most basic element of a market economy, and therefore implementation of these rights is the key indicator of the transition process.

The main ingredients of the transition process are: Liberalization – the process of allowing most prices to be determined in free markets and lowering trade barriers that had shut off. For example, private investment remains quite low, comprising less than ten percent of GDP in and only slightly more in (2) In addition, the private sector has been less successful in the industrial portions of the economy.

A deficient legal framework made up of complicated regulatory laws and uncertain substantive laws is perceived. were used to classify private sector, then the scope of the private sector would be much larger. For the purposes of this booklet, however, the private sector will be defined by ownership.

Private economic units generally operate as individual enterprises within an industry or sector in an economy with specific business conditions. This. iv The Blue Economy Wang, Sustainable Development Officer, Division for Sus-tainable Development, UN Department of Economic and Social Affairs and Ms.

Julie Powell, Sustainable Develop-ment Officer, Division for Sustainable Development, UN Department of Economic and Social Affairs.

The co-conveners and the group are grateful to H.E. Effects of Government Policy Changes on the Private Sector Development in a Transitional Economy: A Long-run Analysis Michael K.Y. Fung, Wai-Ming Ho and Lijing Zhu*1 The purpose of this paper is to investigate the long-run effects of government policy changes on the private sector development in a transitional economy.

Carnegie-Rochester Conference Series on Public Policy 46 () North-Holland Private sector development in transition economies* Zuzana Brixiovat International Monetary Fund and Nobuhiro Kiyotaki University of Minnesota Abstract This paper is a theoretical study of private sector development in transition economies of Central Europe after This article develops a generic framework to explain the environment for public–private partnership (PPP) development in transitional economies.

The framework stands on a tripod that includes the market, the operating environment, and the government, each containing several factors that support aspects of PPPs. The private sector should contribute to sustained economic growth, decent job creation, more sustainable production processes and technologies and.

THE LEGAL FRAMEWORK FOR PRIVATE SECTOR DEVELOPMENT IN A TRANSITIONAL ECONOMY: THE CASE OF POLAND* Cheryl W. Gray* Rebecca J. Hanson*** Michael A. Heller""** Peter G. Ianachkov***** Daniel T. Ostas***** The economies of Central and Eastern Europe are in the midst of an historic transition from central planning and state ownership to.

Private Sector Development (PSD) is a term in the international development industry to refer to a range of strategies for promoting economic growth and reducing poverty in developing countries by building private enterprises.

This could be through working with firms directly, with membership organisations to represent them, or through a range of areas of policy and regulation to promote.

Policy reforms supported by the US$ billion Development Policy Finance program, consisting of three operations over a period of three years (–) have supported Egypt’s homegrown reforms’ program, which is aimed at enhancing the economy, creating jobs, and achieving sustainable growth, especially in the energy sector.

Table Growth in private sector seed sales in India 71 Box Seeds as an economic good Box Tracing the build-up of costs through the seed sector 80 Box The formal seed sector in Bolivia 85 Box Private, public and donor involvement in the seed industry of Thailand Private sector credit grew stronger, supported largely by the well-capitalized banking sector.

Inflation continued to be in single digits in the first six months of ; gradually rising from 9% in January to % in April but reduced to % in June mainly driven by low food inflation. economic development can be described in terms of objectives.

These are most commonly described as the creation of jobs and wealth, and the improvement of quality of life. Economic development can also be described as a process that influences growth and restructuring of an economy to enhance the economic well being of a community.

In the. • PPPs present a framework that—while engaging the private sector—acknowledge and structure the role for government in ensuring that social obligations are met and suc-cessful sector reforms and public investments achieved. A strong PPP allocates the tasks, obligations, and risks among the public and private partners in an optimal way.

Sustainable Development in Ethiopia, 25 Social Development 24 Economic Development 26 Environment Development 34 Challenges and Opportunities 39 5. Green economy in the context of sustainable development and poverty eradication 42 6.

Institutional Framework for Sustainable Development 48 7. Abstract. The economy of Myanmar has been controlled by military rule and organized through a centrally-planned system of economic management since the coup inwhen the Revolutionary Council government, led by General Ne Win, seized power and.

ABOUT THIS SECTOR. The economic and social impact of private sector development can be substantial. As a driver of inclusive growth and job creation, responsible for 84% of GDP and 90% of jobs in developing countries, the private sector is ideally placed to improve the lives of the poor and deliver on the promise of sustainable and socially inclusive economic development.

The current corporate publications that are World Bank Group flagships are: World Development Report (WDR); Global Economic Prospects (GEP), Doing Business (DB), and Poverty and Shared Prosperity (PSP).

All go through a formal Bank-wide review and are discussed with the Board prior to their release. takes stock of some key initiatives that are being implemented by a wide range of public and private sector partners. GEISA seeks to establish a knowledge base and a mechanism for enhanced collabora-tion and coordination to support the country’s green economy transition.

It provides a snapshot of the.environment for private sector development – in the same framework as those that require direct engagement with private actors, such as blended finance. Such a framework is an essential starting point to highlight the approaches available, the strengths and differences between them, and the potential for synergy.

For the purpose. A PPP is a special contractual arrangement between a public sector Ministry, corporation or authority and a private company for providing a public infrastructure asset or service, in which there is an appropriate transfer of risk to the private party and where the private party bears investment and management responsibility on a long-term basis.