 External Policy Transfer and Economic Growth: Reconceptualizing External InfluencesChapter 4 in Europeanization, Varieties of Capitalism and Economic Performance in Central and Eastern Europe, 2006, pp 105-127 from Palgrave Macmillan Abstract: Abstract The previous chapters looked in detail at the domestic institutional factors determining the emerging type of capitalism — the relationships between state, labour and capital — and their impact on economic performance in CEECs throughout the past decade. Moreover, the empirical analysis on Romania carried out in the previous chapter showed that, although sharing features common to all three major capitalist systems, the emerging type of capitalism in Romania never managed to emulate the efficient mechanisms of the main models of capitalism at work in developed economies. The emerging Romanian system of ‘cocktail capitalism’ was a model of partial reforms and malfunctioning institutions. Instead of creating incentives and political support for further reforms and the emergence of growth-oriented elites, it maintained the mechanisms for private rent-seeking and clientelistic reallocation of assets. Keywords: Foreign Direct Investment; Transition Economy; Recipient Country; Policy Transfer; Candidate Country (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-50168-3_5 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Studies in Economic Transition from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.