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Svejnar, J. ; Singer, M.: Using vouchers to privatise an economy: the Czech and Slovak case. S. 23-45. Bossak, J.: Current development of privatisation in Poland. S. 46-62. Novak, T.: Difficulties of privatisation. S. 63-98. Gaspar, P.: Privatisation and capital markets in Hungary. S. 99-117. Kardos, P.: The role of securities of preferential purchase schemes and of the stock market in Hungarian privatisation. S. 118-121. Major, I.: From credit vouchers to the small investors' share-purchase programme. S. 122-152. Mladek, J.: Czech companies after the first wave of voucher privatisation. S. 153-172. Schmognerova, B.: The role of investment funds in mass privatisation. S. 173-189. Voszka, E.: Self-privatisation as an alternative to centralised sales and distribution of state assets. S. 190-209. Kiss, J.: Transformation and privatisation in Hungarian agriculture. S. 210-232. Rozsahegyi, G.: Liquidation and privatisation. S. 233-240. Gaspar, P.: Some problems of banking and debtor consolidation in Hunary. S. 241-260

The rebirth of competition and the extensive "exit" that has resulted are among the most important developments in Central Europe since the demise of Communism. This text examines why, how, and to what extent enterprises have reduced their size or left the market altogether during the first years of the transition from socialism to capitalism in the Czech Republic, Hungary and Poland