Izlaganje sa skupa

https://doi.org/10.2478/zireb-2020-0023

Incomplete Transition – Is there a “Mid-Transition Trap”?

Ivan Vujačić orcid.org/0000-0001-6025-5513 ; Faculty of Economics, University of Beograd, Serbia
Jelica Petrović-Vujačić orcid.org/0000-0003-1897-8990 ; Faculty of Transport and Traffic Engineering, University of Beograd, Serbia

Sažetak

The subject of this paper is the analysis of the classification of economic systems. The traditional classifications of capitalist, socialist centrally planned, and socialist market systems, and the newer classification of variants of capitalism into the Anglo-Saxon, European continental, and Asian models, are inadequate to explain new phenomena in a globalized economy. After the collapse of central planning, countries in transition became a category describing processes of deep socio-economic transformation. These transition countries aspired to meet the standards of developed European market economies, as well as governance standards regarding democracy, human rights, and the rule of law. A new classification of economic systems by Balcerowicz (2014) combines the traditional classification of economic systems with the characteristics of well-governed democratic societies in order to come up with a matrix that shows the interaction of economic system characteristics and governance outcomes.This paper builds on Balcerowicz’s classification by introducing and delineating the categories of state capitalism, crony capitalism, and state capture in order to provide a new classification of economic systems…

Ključne riječi

economic systems; transition; new state capitalism; crony capitalism; state capture

Hrčak ID:

250651

URI

https://hrcak.srce.hr/250651

Datum izdavanja:

21.1.2021.

Posjeta: 610 *