It has done little to tackle the rudimentary problem in Russia's agricultural sector -- namely the absence of institutionalized ownership of land -- and has likely retarded the privatizationprocess.
On the economic front, the reinsertion of Peru into the international financial community was achieved due, in large part, to the process of privatization.
The process of privatization began in 1997 and in 2004 (nearly four years ahead of schedule), and the company eventually terminated its corporate ties to the federal government.