Ownership transformation in Poland after 1990. Blows and shadows in a theoretical and practical context

Abstract

This paper deals with transformation of ownership relations in Poland after 1990. Privatization is described here as a complicated economic, political and social process and the basis of efficient markets. The author presents the theoretical justification for privatization. The issues of effective investor, exclusivity, voluntary transferability of property rights and conditions of the capital market functioning related to property relations are discussed here. Along with the analysis of the policy and the course of privatization in Poland, the author presents the effects, economic and social defects of these processes and recommends subordinating the elimination of the technological gap to the challenges of privatization.