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

Article

Upchurch, M. 2012. Persistent economic divergence and institutional dysfunction in post-communist economies: an alternative synthesis. Competition and Change. 16 (2), pp. 112-129. https://doi.org/10.1179/1024529412Z.0000000008
TypeArticle
TitlePersistent economic divergence and institutional dysfunction in post-communist economies: an alternative synthesis
AuthorsUpchurch, M.
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.

Research GroupEmployment Relations group
PublisherManey Publishing
JournalCompetition and Change
ISSN1024-5294
Publication dates
Print01 Apr 2012
Publication process dates
Deposited01 May 2012
Output statusPublished
Digital Object Identifier (DOI)https://doi.org/10.1179/1024529412Z.0000000008
LanguageEnglish
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