ABSTRACT

This paper continues the discussion of my previous paper, “Russian Privatization Policy,” (published in Keizai Kenkyu, vol. 44, no. 2) where the institutional and policy frameworks of Russian privatization were analyzed. While the previous work mainly covered the period of 1991-92, this one examines the actual implementation of privatization up to 1993. Some minor changes in the institutional and policy frameworks were made in 1993, but they are outside the purview of the present paper. Instead, the purpose here is to evaluate overall achievements and remaining issues, particularly the results of voucher privatization and the small-scale privatization scheme. Privatization of agriculture and residential units will be examined on another occasion.