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Diversity of Capitalism in Central and Eastern Europe - Dependent Economies and Monetary Regimes (Hardcover, 1st ed. 2022)
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Diversity of Capitalism in Central and Eastern Europe - Dependent Economies and Monetary Regimes (Hardcover, 1st ed. 2022)
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This book explores the hypothesis of the emergence of a 'dependent
capitalism' in Central and Eastern Europe. In a first theoretical
part, this book presents the main approaches that structure the
field of comparative capitalism and then examines this model shaped
by the inflow of foreign capital. In an original way, it proposes
to integrate the form of the monetary regime into the dependent
capitalism analysis and to extend it to Balkan countries. The
monetary regime is seen as complementary to the other elements of
the institutional configuration of dependent capitalism. In the
second part, the authors adopt a historical and empirical
perspective. First, they demonstrate how dependent capitalism has
emerged in Central and Eastern Europe and the Baltic States over
the last 30 years as part of the process of socio-economic
transformation that began in 1990. The crisis of 2008 was an
indicator of this dependence on Western capital. Secondly, they
extend the analysis to the Balkan countries and show that
dependence is even stronger for them, particularly in the monetary
area, as evidenced by the implementation of currency boards or
euroization phenomena.This book is of interest to academics and
students, as well as to business and economic policy makers.
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