The New Grand Bourgeoisie under Post-Communism: Central Europe, Russia and China Compared

Ivan Szelenyi

No wp-2010-063, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: In the former socialist redistributive economies, the transition to market economy and the conversion to private ownership followed different trajectories. The paper offers an overview on how a new class of grand bourgeoisie was formed in three different regions of the transition: Central Europe, Russia and China. In Central Europe this new class often was recruited from the ranks of the socialist technocratic elite who used their managerial skills, inside knowledge and political connections to convert public property into private wealth.

Keywords: Income distribution; Post-communism; Socialism; Wealth (search for similar items in EconPapers)
Date: 2010
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