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This collection of essays focuses on employee ownership in the transitional economies of Central and Eastern Europe. This subject is attracting growing interest, since sales or free distribution of enterprise shares to employed workers and managers has surprisingly become one of the most frequent privatization methods in many transitional economies. The contributors highlight some of the crucial issues which have been debated in literature, in particular the advantages and risks of employee ownership in comparison with other privatization methods. Additionally, they provide an overview of the experience of individual countries, and make some policy recommendations.