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State Capture, Political Risks and International Business - Cases from Black Sea Region Countries (Hardcover)
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State Capture, Political Risks and International Business - Cases from Black Sea Region Countries (Hardcover)
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In the OECD-area states provide security business to be conducted
through a legal-institutional framework where state institutions,
working in a legal-rational, predictable and effective manner, are
often taken for granted. Worldwide, however the situation is very
different. Private actors seize public institutions and processes
accumulating ever more power and private wealth by systematically
abusing, side-stepping, ignoring and tailoring formal institutions
to fit their interests. Such forms of 'state capture' are
associated with specific political risks international businesses
are confronted with when operating in these countries, such as
institutional ambiguity, systematic favouritism and systemic
corruption. This edited volume covers state capture, political
risks and international business from the perspectives of Political
Science and International Business Studies. Uniting theoretical
approaches and empirical insights, it examines Azerbaijan, Armenia,
Georgia, Ukraine, Moldova, Romania, Bulgaria and Turkey. Each
chapter deals with country specific forms of state capture and the
associated political risks bridging the gap between political
analysis and business related impacts.
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