Voucher privatization (, ) is a
privatization
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation w ...
method where citizens are given or can inexpensively buy a book of
voucher
A voucher is a bond of the redeemable transaction type which is worth a certain money, monetary value and which may be spent only for specific reasons or on specific goods. Examples include house, housing, travel, and food vouchers. The term vou ...
s that represent potential shares in any
state-owned company
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...
. Voucher privatization has mainly been used in the early to mid-1990s in the
transition economies of
Central and
Eastern Europe
Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural and socio-economic connotations. Its eastern boundary is marked by the Ural Mountain ...
, including Bulgaria, Slovenia, Czechoslovakia, Hungary, Estonia, Latvia and Lithuania.
See also
*
History of post-Soviet Russia
The modern history of Russia began with the Russian SFSR, a constituent republic of the Soviet Union, gaining more political and economical autonomy amidst the imminent dissolution of the USSR during 1988–1991, proclaiming its sovereignty ...
*
Viktor Kožený
*
Privatization in Russia
Privatization in Russia describes the series of post-Soviet reforms that resulted in large-scale privatization of Russia's state-owned assets, particularly in the industrial, energy, and financial sectors. Most privatization took place in the e ...
External links
* David Ellerman
"''Lessons From East Europe’s Voucher Privatization''" The Capital Ownership Group (virtual think tank).
Payment systems
Economic history of the Soviet Union
Privatization
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