Concerning the privatization of state property

The question of the privatization concept has been being discussed in the context of the law enforcement for almost 30 years. First it was revealed in the RSFSR law of December 24, 1990 “Concerning the property in the RSFSR”. Today the legal definition of privatization is enshrined in the article 1 of the Federal Law № 178-FZ dated December 21, 2001 “Concerning the privatization of state and municipal property”, according to which the privatization of state and municipal property is interpreted as only compensated alienation of property owned by the Russian Federation, subjects of the Russian Federation, municipalities, to the property of individuals and (or) legal entities. The privatization goals vary depending on the location of the country. In the countries of the South Europe the privatization policy was influenced by the urgent need to cover the budget deficit. In the north of Europe the need for structural economic reforms urged on to the privatization. Developing third world countries adopted privatization programs prepared for them and accepted the significant reduction of the public sector in the national economy. In Russia there took place small and medium privatization, and the large privatization of state property is being carried out actively, which indicates that the privatization of property in Russia is widespread, wide-ranging and unprecedented, which contradicts to the experience of state property privatization in the developed capitalist countries. The economic effect (purpose) of the state property privatization in Russia is the radical change of the property relations.