ABSTRACT
This chapter summarizes some general observations on privatization and decollectivization policy choices. It focuses on political economy factors and the extent to which they can account for the variation in policy choices in Central and Eastern European countries (CEECs). Most CEECs have approved several substantially different versions of privatization and transformation laws. In Bulgaria, the distinction between state and collective farms is more complicated than in other CEECs because of the creation and later abolishment of the so-called Agro- Industrial Complexes. The return of the ex-communist partys (CPs) to power in many CEECs has resulted in amendments to reform laws, new regulations, and adjustments of incentives for reform implementation. When the reform-minded parties came to power in CEECs, they experienced a ‘honeymoon period’ following their election. In many CEECs amendments and adjustments of the reform laws were introduced after the ex-CP parties returned to power.
