Publication Date

Spring 2002


Voucher privatization, a kind of large-scale privatization, was of special importance. It was conducted by the Czech Government in order to redistribute property among the population in a situation of complete lack of domestic private capital. All citizens over the age of 18 had the opportunity to obtain a voucher book. However, by providing little information about the process, the Government was really aiming only at the knowledgeable citizens who would be successful entrepreneurs. Voucher privatization was also thought of as a way to speed up the transition in the economy.



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