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“Privatization” as a process is easily understood but the location of the privatization affects how complicated this process may be (see e.g. Hartley and Minor, 1995; Culpan & Kumar, 1995; Frydman & Rapaczynski, 1994; Jackson & Bilsen, 1994; Rondinelli, 1994; Welfens & Jasinski, 1994). For example, in the...
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