Property Rights in the New Phase of Reforms

Abstract

Property rights in the new phase of economic reforms in the Soviet Union are reviewed and analyzed by a prominent British economist. The paper details laws and decrees on leasing, land, inventions, joint-stock companies, securities, hard currencies, markets, small business, a state holding company, foreign investment, banking, taxation, monopolies, as well as on property ownership and business units in general. The main federal measures are then compared with relevant provisions in the so-called Shatalin Plan. Included in the effort is a section on terminology pertaining to destatization as well as an assessment of the process of privatization as of early December 1990. Journal of Economic Literature, Classification Numbers: 052, 124, 612.