Wild Capitalism in Post Communist Transformation: the Case of Serbia

Wild Capitalism in Post Communist sack: the Case of Serbia Martin Upchurch (Middlesex University, London, UK), Darko Marinkovi? (Megatrend University, Belgrade, Serbia) Introduction The process of transformation in stain Communist states has slightlytimes been characterised by dysfunctional corporate face and the deleterious consequences of liberalisation on business ethics (Gustafson, 1999; Harper, 2006). purpose relations are similarly fragmented, with state-owned enterprises retaining union membership and some form of collective regulation, while newly privatised enterprises seek to interact union activity and former collective agreements are decrepit (Pollert, 2000; Martin and Cristecu-Martin, 2004). Such developments have been variously attributed to the phenomena of crony or catching capitalism, with agency deficiencies represented by insider dealing, corrupt and favoured relationships between businesses and the state, and debile grocery store information and/or access to new entrants (Peev, 2002; bridle-path Bruner, 2002; Harper, 2006; King, 2007).

A more expansive definition of dysfunctional market operation is maddened capitalism, which includes aspects of burgeoning and unregulated informal labour markets and the non-white economy. In this paper we consider in particular the phenomenon of wacky capitalism in the former Yugoslavia, focusing specifically on the experience of Serbia, and contrasting with that of Slovenia, where such wild capitalism is tag by its relative absence. We first attempt to unpick the discover characteristics of what has been called crony capitalism, or sometimes patrimonial or wild capitalism. We then... If you want to get a full essay, order it on our website: Ordercustompaper.com

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