Serbia has made progress in trade liberalization and enterprise restructuring and privatization, but many large enterprises - including the power utilities, telecommunications company, natural gas company, national air carrier, and others - remain in state hands.

FORBES: Serbia

Its recent talks with Aguas have focused on restructuring the enterprise into a public-private partnership.

ECONOMIST: Argentina

But, there is no reason why policy can't be proactive and stimulate the growth of restructuring as a private sector enterprise.

FORBES: Home Truths