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Abstract


PRIVATIZATION IN SELECTED TRANSATION ECONOMIES EXAMPLE OF KYRGYZSTAN,KAZAKHSTAN AND TURKMENISTAN

In the 1980s , public policies switched from Keynesian approach to market economy approach. With1980's have been years since public policy shifted from Keynesian approach to market economy-based approaches. Regardless of political regimes or socio-economic initiatives, many countries have taken measures to reduce the public sector and strengthen the market economy. For this reason, privatization has been the phenomenon of our century. The ultimate goal of privatization is to place the market economy mechanism. When the analysis of the socialist model is made, it is understood that the system which forms the basis of this model has prepared its own end due to its internal dynamics. In socialist countries, the search for solutions and reform experiences have failed since the 1960s.In 1989, the Communist Party of the USSR (Soviet Socialist Republics Union) was founded on the 27th. at the Congress, Mikhail Gorbachev suggested that the economy should start comprehensive economic reforms by determining that it is not possible to correct it with partial measures. The public sector, which has become cumbersome in the globalizing world, has faced great challenges. The aim of privatization of state enterprises in many countries is to improve the living standards of citizens and achieve a higher growth rate. As is known, the government reduces its role in society during the privatization process. In this sense, this study will analyze the privatization process in the transition economy.



Keywords
Transition Economies , Market Economy, Socialism, Mixed Economy, Economic



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