Persistent economic divergence and institutional dysfunction in post-communist economies: an alternative synthesis

Upchurch, Martin (2012) Persistent economic divergence and institutional dysfunction in post-communist economies: an alternative synthesis. Competition and Change, 16 (2). pp. 112-129. ISSN 1024-5294

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Official URL: http://dx.doi.org/10.1179/1024529412Z.0000000008

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Abstract

This paper seeks to explain the continuing lack of economic convergence and the persistence of market dysfunctionality, or wild capitalism, in post Communist transformation. An overview of key statistics on economic convergence and market failure are presented. The paper then analyses the causes of malaise through the lens of institutionalist and radical perspectives. In doing so key data is assembled and presented from documents of the international financial institutions and other agencies monitoring crime and corruption. The paper concludes that rather than encourage convergence and tame dysfunctionality, neoliberalism and its offspring of labour market reform has created the conditions for continuing economic divergence and for wild capitalism to survive and thrive.

Item Type:Article
Research Areas:Business School > Leadership, Work and Organisations
ID Code:9028
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Deposited On:01 May 2012 13:32
Last Modified:20 Jul 2014 09:40

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