Options for restructuring and privatizing PKS, Poland's main state- owned enterprise for road transport of passengers and general freight.

At the end of the 1980s, the road transport industries of Poland and Hungary emerged from decades of socialist organization with a small number of massive state-owned enterprises, surrounded by a margin of small-scale private haulage that had been growing steadily during the preceding ten years. In the year after the decisive turn in their political systems, both countries formulated privatization programs. In their programs, road haulage was earmarked for privatization but the strategy to be applied to the industry was left open. There is none for privatization on the scale envisaged by the transitional economies, or from their common starting positions. To chart a course, one has only the accepted economic objectives of privatization policy to rely on. This paper draws on the work in Poland and Hungary but enlarges, more than was appropriate in the individual country reports, on those common features of the privatization problem of this one specific industry, and gives the arguments and conclusions that the authors draw from them.

The consensus of dozens of Bank and outside experts on issues and measures essential to government reform in six Eastern European economies changing to a market economy - and on how external agencies can best aid the reform process.

Inconsistencies in definitions of "manufactures" used to compile output and trade statistics produce a discrepancy of $60 billion in estimates of developing country exports. Clearly, international organizations must resolve these discrepancies.