Roger Schoenman (2014)

Networks and Institutions in Europe's Emerging Markets

Publishing house Cambridge University Press
Place of publication Cambridge
Page references 242
Series Cambridge Studies in Comparative Politics
Language English

ISBN: 978-1107031340

Do ties between political parties and businesses harm or benefit the development of market institutions? The post-communist transition offers an unparalleled opportunity to explore when and how networks linking the polity and the economy support the development of functional institutions. A quantitative and qualitative analysis covering eleven post-socialist countries combined with detailed case studies of Bulgaria, Poland and Romania documents how the most successful post-communist countries are those in which dense networks link politicians and businesspeople, as long as politicians are constrained by intense political competition. This combination allowed Poland to emerge with stable institutions while Bulgaria demonstrates that in developing economies intense political competition alone is harmful in the absence of dense personal and ownership networks. Indeed, as Romania illustrates, networks are so critical that their weakness is not mitigated even by low political competition. This title is available as Open Access on Cambridge Books Online and via Knowledge Unlatched.

(From the publisher's website)

  • Networks and Institutions in Europe’s Emerging Markets

    Reviewed by M.A. Jorge Felix