1. Privatization in Brcko District: Why It Is Different and Why It Works
- Author:
- Henry L. Clarke
- Publication Date:
- 01-2004
- Content Type:
- Working Paper
- Institution:
- The Wilson Center
- Abstract:
- The Brcko District of Bosnia and Herzegovina is small, with less than 100,000 people. In 2001, about 30 public companies were selected for privatization. At the outset, there were good reasons to ask whether the District would have any success in privatizing them. Many of the public companies had been shut down for up to ten years, while the rest were operating at a small fraction of their pre-1991 output. There was not a single company that was profitable enough to be sold successfully on the basis of its performance, none had adequate working capital or marketing arrangements, many were deeply in debt, some had too many nonworking “employees” and the equipment of most companies that was not damaged during the war was worn out or obsolete.
- Topic:
- Debt, Government, Politics, and Privatization
- Political Geography:
- Europe, Bosnia, and Herzegovina