Sustainability and the Transformation of the Socialist Corporation into the Private Corporation: Three Lost Decades?
In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, 2019)., Chapter 22
Posted: 8 May 2019 Last revised: 15 Jun 2020
Date Written: May 6, 2019
This chapter provides an analysis of the transformation of the corporate landscape in Central Eastern Europe after 1989, by reference to the sustainable development goals. The argument is that the neoliberal prescriptions to transform the socialist corporate landscape were so antithetical to sustainability goals that the corporations resulting from that transformation have actually pushed the reach of sustainability goals further away. The corporations resulting from the transformation will not pursue any sustainability goals without tremendous international pressure, as national corporate cultures and social realities developed during this transformation hinder the pursuit of sustainable development.
Keywords: Sustainable Development Goals, Central Eastern European Corporate Law, Neoliberalism and Law, Transformation of Socialist Corporations
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