Entrepreneurial Capitalism in Southeastern Europe: Is There a Progress? (CROSBI ID 630708)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Šimić Banović, Ružica
engleski
Entrepreneurial Capitalism in Southeastern Europe: Is There a Progress?
This paper seeks to assess the advancement of SEE states on their way towards entrepreneurial capitalism. The analysis focuses on the business environment perspective. While mostly exploring the intangible issues it argues that entrepreneurial climate in SEE is influenced by a distinctive and still ambiguous capitalist model. Roles and expectations of the state, employers and employees need to be revised in order to bring that model closer to capitalism in its basic terms or make it sustainable at least. Many barriers found can be affiliated with the key features of the political capitalism model, an antonym to entrepreneurial capitalism, that was present in the former Yugoslavia before the 1990s and its traces still seem to be apparent. It also fosters the unrealistic expectations of ordinary East Europeans that can be explained by Kornai’s “institutional shopping”. This situation leads to an unsustainable welfare state that seems to be promised by transitional governments, but their real behaviour is best portrayed by Schleifer & Vishny’s (severe) “grabbing hand” model. State dominance despite its low capacity is overwhelmingly present and it is tacitly supported by collectivist culture.
entrepreneurial capitalism ; post-socialist transition ; Eastern Europe ; business environment
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Podaci o prilogu
451-473.
2015.
objavljeno
Podaci o matičnoj publikaciji
Social Change in the Global World
Štip: Goce Delcev University in Shtip, Republic of Macedonia ; State University of Voronezh, Faculty of Law, Voronezh, Russia ; University of Liege, Faculty of Law, Political Science and Criminology, Liege, Belgium
978-608-244-267-9
Podaci o skupu
Second International Scientific Conference "Social Change in the Global World"
predavanje
03.09.2015-05.09.2015
Štip, Sjeverna Makedonija