There was a lack of theoretical preparedness for the huge privatisation effort in post-socialist countries and Slovakia is no exception.
Privatisation is seen as the key to helping the economy, and to cementing political reform in place.
There is a spirited debate about how to privatise. The voucher method was popular at first, but the people, and successive governments, are ambivalent about it now. This approach spreads share ownership, but it also hinders the growth of strategic owners who can invest in their enterprise and bring about expansion. Other methods, such as management buy-outs, or selling shares to employees, are under consideration. Background of the Process of Privatisation Privatisation and restructuring of industry are the main pillars of economic transformation in the post-socialist countries, and an unprecedented process in Europe's economies in transformation.