The Basic Features of Postcommunist Capitalism in Eastern Europe

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The Basic Features of Postcommunist Capitalism in Eastern Europe Firms in Hungary, The Czech Republic, and Slovakia

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Lawrence Peter King

Book Code: C6839

ISBN: 0-275-96839-1

ISBN-13: 978-0-275-96839-7

DOI:

168 pages, tables

Praeger Publishers

Publication: 11/30/2000

List Price: $110.95 (UK Sterling Price: £65.00)

Availability: Out of stock

Media Type: Hardcover

Trim Size: 6 1/8 x 9 1/4

Subjects:

Reviews:

...this book delivers very well on its promised agenda: it provides a taxonomy of the postcommunist firm in Eastern Europe, and in doing so, it also provides a framework for understanding the type of capitalism that is emerging there....the book provides a starting point for future research on these rapidly evolving economics.
—Administrative Science Quarterly

Description: King seeks to understand how the transition from state-socialism to capitalism was accomplished in Eastern Europe. The purpose of studying the process of transition is uo understand the end-point of the transition; that is, the structure of the postcommunist economy results from the different ways that private property was "made" by enterprise level actors. King identifies "strategies of transition" employed by postcommunist economic elites to transform property and acquire various property rights discusses, the conditions under which different strategies are likely to be selected, lists and, the resources used by actors to implement these strategies. As King illustrates through his case studies, when aggregated, these strategies are primarily responsible for the structuring of the postcommunist capitalist systems. This is done through the creation of different types of property (such as multinationals or management buy-outs) and integrating mechanisms (such as markets or state redistribution). The resulting property forms and integrative mechanisms that emerge from this process are assessed for their possible effect on economic performance and long-term development. Differences that exist among the various postcommunist economies are explained by the institutional legacies from the reform period of communism. This book is of particular interest to scholars, students, and researchers involved with East European studies, political and economic sociology, and international political economy.

Table of Contents:

Introduction: Making Capitalism in Eastern Europe
Strategies of Transition to Eastern European Capitalism
The Structure of Postcommunist Capitalism
Manichean Economics: Foreign Direct Investment in Eastern Europe
The Managerialization of the Postcommunist Economy: Management and Employee Buy-Outs in Eastern Europe
Conclusion: The Transformation of Property and Economic Development in Eastern Europe

LC Card Number: 00-023310

LCC Class: HC244

Dewey Class: 330


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