... for economic development. In particular, structural adjustment programs such as privatization, trade liberalization, reduction in state ownership, more and better transparency in economic systems, internationalization of capital markets and macroeconomic stabilization policies have led to increasing market...

... their acceptance by the owners as full‐scale partners, and moral recognition. Erik Terk can be contacted at: erik@eti.ee Strategic management Capital Corporate governance Strategic management has to deal with changing business concepts in all market economies. In the Central and Eastern...