Varieties of Capitalism in Transition Economies

Abstract:     
This paper develops a typology of capitalist varieties in ‘transition economies’ in Eastern Europe and the CIS. The aim here is to adapt the frameworks used for studying the capitalist varieties in advanced economies to show how far the kinds of capitalism in former communist countries are different and to show how those kinds of capitalism in turn link to economic performance and forms of international integration. Five types of capitalism that characterize the political economic diversity are introduced by identifying the links and complementarities between the forms of integration and internal economic, political, and institutional forms.

Number of Pages in PDF File: 34

Keywords: varieties of capitalism, international integration, Eastern Europe, Russia, Central Asia

JEL Classification: P1, P16, P5

working papers series