Wild capitalism, privatisation and employment relations in Serbia

Upchurch, Martin ORCID logoORCID: https://orcid.org/0000-0001-9143-993X and Marinković, Darko (2011) Wild capitalism, privatisation and employment relations in Serbia. Employee Relations, 33 (4) . pp. 316-333. ISSN 0142-5455 [Article]

Download (373kB) | Preview


This paper aims to examine the phenomenom of wild capitalism under post Communist transformation. Many commentators on post Communist transformation focus their attention on dysfunctional corporate governance and the deleterious consequences of liberalisation on business ethics. Poor business ethics and bad corporate governance may be a consequence of labour exploitation for comparative advantage, and the abandonment of party authority. This allowed rapacious rent-seeking by a minority well placed to benefit from the newly de-regulated regime. A by-product is a burgeoning informal economy encouraged by insider dealing of privatised state assets. State regulation, where it exists, is often ignored. Employment relations are fragmented, with state-owned enterprises retaining some form of collective regulation, while newly privatised enterprises seek to marginalise union activity.

Item Type: Article
Research Areas: A. > Business School > Leadership, Work and Organisations
A. > Business School > Leadership, Work and Organisations > Employment Relations group
Item ID: 7981
Notes on copyright: Post refereed version as permitted by publisher.
Useful Links:
Depositing User: Devika Mohan
Date Deposited: 07 Jul 2011 08:50
Last Modified: 09 Jun 2022 12:29
URI: https://eprints.mdx.ac.uk/id/eprint/7981

Actions (login required)

View Item View Item


Activity Overview
6 month trend
6 month trend

Additional statistics are available via IRStats2.