Content №3 от 2004

Social-economic aspects of concessions

Concessions are part of economic liberalization and a vital form of partial privatization in sectors and productions that for social-economic, strategic or other reasons cannot be privatized. Concessions are used in over 100 countries of the world. As is shown in the paper, institutionally Russia is weakly prepared for concessions. It has no analytical concept of how to transform the objects of state ownership into concessions and how to control them. In order to benefit by this instrument of economic management which today is new in Russia, joint efforts of legislators, academics and economic managers are needed

Varshavsky V. G.

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