THE NECESSITY AND JUSTIFICATION OF REFORMS OF PUBLIC CORPORATIONS

Abstract

In the present business environment, negative opinion on the work of the public sector prevails. According to the public opinion, one gets the impression that it is necessary to privatize the public corporations as soon as possible and this way get rid of this kind of ballast. Having in mind the negative effects of previous transitional period, it is necessary to approach this issue cautiously, so the process of the reforms would give optimal social benefits.

Keywords

• public corporation
• reform
• competition
• monopoly
• efficiency