ABSTRACT
This chapter aims to consider the necessity and prospect of a commodity futures market in Central Europe, particularly in Poland. It looks at the high inflation in Poland. The chapter investigates the privatization in Poland. It examines the necessity and prospect of a commodity futures market in Poland based upon the investigation. After the post-communist countries started to transform their economies to market oriented ones, one of the most serious targets for their transformation has undoubtedly been privatization. The systemic transformation has involved high inflation from the macroeconomic aspect and privatization from the structural aspect. The Polish ways of privatization can be classified into three types: capital privatization; direct privatization; liquidation. A goal of privatization is to free a government from supporting inefficient state owned companies. Privatization is a policy tool to raise the economic efficiency through dismantling an inefficient structure. Privatization in Poland has made it necessary for the food processing industry to hedge the buying price.
