stages; (2) it is not clear how much regulatory  impediments will be built into the new structures for private sector operation (if the model of foreign investment is any guide, the bureaucracy around this reform may be formidable. . . .and expensive); (3)  it is not clear what sectors of the economy will be roped off from private sector permitted activities; (4) the ability of foreigners to invest in the private sector enterprises is not clear; (5) the nature of aggregations of capital or… [read post]