Russian Enterprise Reform: Policies to Further the Transition · University of Wisconsin Law School Digital Repository · University of Wisconsin Law School Digital Repository

Harry G Broadman, Russian Enterprise Reform: Policies to Further the Transition (1998).

The modernization of industrial enterprises is critical for enhancing and sustaining Russia’s economic prosperity. Although a substantial portion of Russian industry has been privatized since the advent of reform in 1992, the changes in ownership have not been accompanied by commensurate changes in corporate restructuring and improved performance. A major challenge facing Russian authorities today is how to improve the business climate to one where the private sector thrives within a market environment and firms restructure-. Meeting this challenge requires actions on several-fronts. Key among them are removing impediments to robust inter-firm competition, including structural concentration, discretion in regulatory practices and barriers to new entry; strengthening corporate governance incentive systems; enhancing the nascent institutional framework for the exercise of creditor .rights and implementation of enterprise bankruptcy procedures; reducing barter and other non-monetary forms of business transactions; and fostering enterprise restructuring. This vplume contains policy papers that the government requested the World Bank to write addressing these five topics and which were presented at a high-level workshop in Moscow. It also contains formal comments on these papers presented by senior Russian officials at the workshop.

Image	Title	Type
	Remonetizing the Russian Economy	Book Section