Liberalisation and de-regulation of the public sector in the transition from plan to market

The above analysis allows several conclusions to be drawn:

1)	Firstly, deregulation and liberalisation in an economy undergoing the transition from plan to market must differ somewhat from their counterparts in a highly developed market economy. This is because what is being aimed at in the transition process is to modify, not to eliminate the regulatory function of the public administration responsible for planning and implementing new institutional solutions.
2)	Secondly, privatisation of the public sector must not become a fetish, nor must it be treated as a panacea for rapid systemic changes. For objective reasons, privatisation is not susceptible to shock methods (of the cold turkey type) and therefore it is unable to rapidly induce structural changes.
3)	Thirdly, the stabilisation policy should be accompanied by a selective industrial policy carried out by the State. And the stabilisation policy must give balanced consideration to the relationship: inflation rate -output level- unempolyment rate.