Aurimas Tumėnas


The case of (JNR) privatization is often considered as a persuasive example of how a large state-run company can be successfully transformed into smaller well-run private company. The article describes the pre-privatization state, the privatization process and enlists the most important outcomes of JNR privatization. The lengthy process of JNR privatization is thoroughly analyzed; the main obstacles and the critical factors of success are clarified. Author used various sources of information, mainly articles of Japanese scientists. The lessons of JNR privatization are useful to be remembered while restructuring and reorganizing of Lithuanian Railways is going.