Future Prospects for Captured States

Oleh Havrylyshyn

Chapter 8 in Divergent Paths in Post-Communist Transformation, 2006, pp 233-254 from Palgrave Macmillan

Abstract: Abstract The 27 post-communist countries have diverged considerably in their progress towards open markets and democracy, but the two dimensions which have perhaps the greatest implication for future prospects are the degree of oligarchic development and the potential for EU membership. These dimensions in fact overlap closely. One group in Central Europe, the Baltics and some of South-East Europe have either already achieved membership as of May 2004, or are in the process of negotiating accession in the near future. Most of them overcame strong rent-seeking and state-capture risks early on, while others like Bulgaria, Croatia and Romania are well on the way to reversing such effects. The transformation in these countries is for all practical purposes complete, any final refinements of market and democratic institutions being more or less assured as EU standards kick in. Their future economic problems are those of middle-income emerging-market economies, plus all that is associated with working in a new enlarged EU. The remaining countries in South-East Europe have been provided a conditional offer from the EU without a clear time-horizon, and while they face the challenge of continuing to move forward in their transformation reducing any remaining state-capture elements, they do this with a strong beacon to motivate the political consensus and the clear guidelines of the Acquis. For them the transformation is not over by any means, but the light at the end of the tunnel is strong and almost certain to grow stronger year by year.

Keywords: State Capture; Growth Prospect; Navigation Model; Kyrgyz Republic; State Asset (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-50285-7_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230502857

DOI: 10.1057/9780230502857_9

Access Statistics for this chapter

More chapters in Studies in Economic Transition from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().