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International Monetary Fund. European Dept.
This paper discusses key issues related to the economy of Poland. Thanks to its sound policies, close links to the German supply chain, and substantial EU transfers, Poland is the only country in the European Union that avoided an outright recession during the global financial crisis. However, this strong performance has masked enduring regional disparities, which are undermining the quality of growth. Poland faces significant long-term challenges as an aging population weighs on potential growth and public finances. The new government, which took office in November, has approved a Responsible Development Plan, focused on spurring growth through innovation and reducing social and regional disparities.
International Monetary Fund. External Relations Dept.
IMF Deputy Managing Director Eduardo Aninat leaves the IMF on July 1 to return to Chile, where he was Finance Minister from 1994–1999. Aninat joined the IMF’s four-member management team in December 1999, with broad responsibilities in running the IMF—including overseeing the launching of a major technical assistance initiative in Africa. He talks with Laura Wallace about the late May opening of the West Africa Regional Technical Assistance Center (West AFRITAC) in Mali (see article below), seven months after the opening of a similar center in East Africa.
Mr. Alexander Pivovarsky

This article investigates empirically the relationship between ownership concentration and performance in 376 partially and fully privatized Ukrainian enterprises. It finds that ownership concentration is positively associated with enterprise performance in Ukraine. The article also finds that concentration of ownership by foreign companies and banks is associated with better performance than ownership concentrated by the domestic owners. Ownership by Ukrainian investment funds and holding companies does not have a positive effect on performance. The article documents that, in contrast to predictions by many observers of early transition, privatization methods determined the long-term ownership structure of privatized firms.