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Networks and Institutions in Europe's Emerging Markets by Roger Schoenman
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Networks and Institutions in Europe's Emerging Markets

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Description

Do ties between political parties and businesses harm or benefit the development of market institutions? The post-communist transition offers an unparalleled opportunity to explore when and how networks linking the polity and the economy support the development of functional institutions. A quantitative and qualitative analysis covering eleven post-socialist countries combined with detailed case studies of Bulgaria, Poland and Romania documents how the most successful post-communist countries are those in which dense networks link politicians and businesspeople, as long as politicians are constrained by intense political competition. This combination allowed Poland to emerge with stable institutions while Bulgaria demonstrates that in developing economies intense political competition alone is harmful in the absence of dense personal and ownership networks. Indeed, as Romania illustrates, networks are so critical that their weakness is not mitigated even by low political competition. This title is available as Open Access on Cambridge Books Online and via Knowledge Unlatched.

Author Biography:

Roger Schoenman is an Associate Professor at the University of California, Santa Cruz.
Release date Australia
December 17th, 2015
Audience
  • Professional & Vocational
Illustrations
15 Tables, black and white; 26 Line drawings, unspecified
Pages
246
Dimensions
152x230x15
ISBN-13
9781316502860
Product ID
24148784

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