Poland: Mass Privatization: Better Late Than Never?

ALTHOUGH CZECH PRIME MINISTER Vaclav Klaus’s coupon privatization1 and Russian Deputy Prime Minister for Economy Anatolii Chubais’s “sale of the century” are the best-known mass or voucher privatization programs, the first such program was designed in Poland and submitted for parliamentary consideration as early as 1991, when Mikhail Gorbachev was still running the Soviet Union.