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'''Herbert B. Schmidt''' (born April 23, 1931 in [[East Prussia]]) is a German economist and public policy advisor best known for his work in [[privatization]] in the former [[East Germany]] and [[Eastern Europe]].<ref>Im Freien Estland, ''Hennig von Wistinghausen'', Bohlau Verlag, 2004, p.323.</ref> |
'''Herbert B. Schmidt''' (born April 23, 1931 in [[East Prussia]]) is a German economist and public policy advisor best known for his work in [[privatization]] in the former [[East Germany]] and [[Eastern Europe]].<ref>Im Freien Estland, ''Hennig von Wistinghausen'', Bohlau Verlag, 2004, p.323.</ref> |
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Schmidt is considered the author of the "German Method" of privatization, in which shares of a state-owned company are tendered to the private sector buyer offering the best bid considering a number of factors including price, numbers of jobs guaranteed, environmental remediation, and other concerns.<ref>Privatization in Developing Countries, ''John Nellis'', SAIS Review, Vol. 27, No. 2, 2007.</ref> Schmidt was the chief privatization advisor to Estonian Prime Minister [[Maart Laar]],<ref>Privatization in Estonia, ''Erik Terk'', Estonian Institute for Future Studies, 2000.</ref> and is a former economics minister of the German Lander of [[Saxony]].<ref>Die Bildung des Freistaates Sachsen, Michael Richter, Vandenhoech & Ruprecht, 2004.</ref> From 1998 to 2001 he was Commissioner of the Securities Commission of [[Bosnia and Herzegovina]].<ref>IZVJEŠĆE O RADU, Komisije za Veijednosne Papire, Federation of Bosnia and Hercegovine, 2001.</ref> |
Schmidt is considered the author of the "German Method" of privatization, in which shares of a state-owned company are tendered to the private sector buyer offering the best bid considering a number of factors including price, numbers of jobs guaranteed, environmental remediation, and other concerns.<ref>Privatization in Developing Countries, ''John Nellis'', SAIS Review, Vol. 27, No. 2, 2007.</ref> Schmidt was the chief privatization advisor to Estonian Prime Minister [[Maart Laar]],<ref>Privatization in Estonia, ''Erik Terk'', Estonian Institute for Future Studies, 2000.</ref> and is a former economics minister of the German Lander of [[Saxony]].<ref>Die Bildung des Freistaates Sachsen, Michael Richter, Vandenhoech & Ruprecht, 2004.</ref> From 1998 to 2001, he was Commissioner of the Securities Commission of [[Bosnia and Herzegovina]].<ref>IZVJEŠĆE O RADU, Komisije za Veijednosne Papire, Federation of Bosnia and Hercegovine, 2001.</ref> |
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In 1998 he was awarded the [[Order of the White Star]] of [[Estonia]]<ref>http://vp1992-2001.vpk.ee/eng/ametitegevus/Valgetaht.asp</ref> for his work with the German [[Treuhandanstalt]] in Estonia. |
In 1998, he was awarded the [[Order of the White Star]] of [[Estonia]]<ref>http://vp1992-2001.vpk.ee/eng/ametitegevus/Valgetaht.asp</ref> for his work with the German [[Treuhandanstalt]] in Estonia. |
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==References== |
==References== |
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Revision as of 20:19, 25 July 2016
Herbert B. Schmidt (born April 23, 1931 in East Prussia) is a German economist and public policy advisor best known for his work in privatization in the former East Germany and Eastern Europe.[1]
Schmidt is considered the author of the "German Method" of privatization, in which shares of a state-owned company are tendered to the private sector buyer offering the best bid considering a number of factors including price, numbers of jobs guaranteed, environmental remediation, and other concerns.[2] Schmidt was the chief privatization advisor to Estonian Prime Minister Maart Laar,[3] and is a former economics minister of the German Lander of Saxony.[4] From 1998 to 2001, he was Commissioner of the Securities Commission of Bosnia and Herzegovina.[5]
In 1998, he was awarded the Order of the White Star of Estonia[6] for his work with the German Treuhandanstalt in Estonia.
References
- ^ Im Freien Estland, Hennig von Wistinghausen, Bohlau Verlag, 2004, p.323.
- ^ Privatization in Developing Countries, John Nellis, SAIS Review, Vol. 27, No. 2, 2007.
- ^ Privatization in Estonia, Erik Terk, Estonian Institute for Future Studies, 2000.
- ^ Die Bildung des Freistaates Sachsen, Michael Richter, Vandenhoech & Ruprecht, 2004.
- ^ IZVJEŠĆE O RADU, Komisije za Veijednosne Papire, Federation of Bosnia and Hercegovine, 2001.
- ^ http://vp1992-2001.vpk.ee/eng/ametitegevus/Valgetaht.asp
Further reading
- Methods of Privatization, Andrew Berg and Elliot Berg, Journal of International Affairs, Vol. 50, 1997.
- Soziale Marktwirtschaft als Historische Weichenstellung, "Methodenfragen der Privatisierung, dargestellt am Beispeil Estland", Herbert B. Schmidt. Ludwig-Erhard-Siftung, Bonn 1996.
- Alfred Müller-Armack/Herbert B. Schmidt (Hg.): Wirtschafts- und Finanzpolitik im Zeichen der sozialen Marktwirtschaft. Festgabe für Franz Etzel, Stuttgart-Degerloch 1967