Agency Problems in the Privatization of Large Enterprises in Russia
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The Russian privatization program has been heralded as the crown jewel of Russia's economic reform. While other aspects of Russia's economic reform have been less successful, privatization has continued unimpeded throughout the first two years of economic reform. On paper, Russian privatization appears to be more successful than any other government privatization program in history. By January 1994, 90,000 state enterprises were privatized.


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