Diversity of Capitalism in Central and Eastern Europe: Dependent Economies and Monetary Regimes

This book explores the hypothesis of the emergence of a 'dependent capitalism' in Central and Eastern Europe, integrating the form of the monetary regime into the analysis and extending it to Balkan countries. It demonstrates how dependent capitalism has emerged over the last 30 years as part of the process of socio-economic transformation, particularly in the monetary area.

Format: Hardback
Length: 168 pages
Publication date: 15 July 2022
Publisher: Springer International Publishing AG

This comprehensive book delves into the intriguing hypothesis of the emergence of a 'dependent capitalism' in Central and Eastern Europe. It begins by presenting the primary frameworks that shape the field of comparative capitalism, and then it scrutinizes this model influenced by the influx of foreign capital. In an innovative approach, the book proposes to incorporate the form of the monetary regime into the analysis of dependent capitalism and extend it to Balkan countries. The monetary regime is viewed as a complementary element to the other components of the institutional configuration of dependent capitalism.

In the second part of the book, the authors adopt a historical and empirical perspective. They begin by showcasing how dependent capitalism has emerged in Central and Eastern Europe, as well as the Baltic States, over the past 30 years as part of the broader socio-economic transformation that commenced in 1990. The crisis of 2008 serves as a poignant indicator of this reliance on Western capital. Furthermore, the authors extend the analysis to Balkan countries, highlighting the even stronger dependence, particularly in the monetary realm, as evidenced by the implementation of currency boards or euroization phenomena.

This book holds immense value for academics, students, business and economic policy makers alike. It offers valuable insights into the complex dynamics of economic development, shedding light on the evolving nature of capitalism in different regions. By examining the interplay between foreign capital, monetary regimes, and institutional configurations, the book provides a rich understanding of the challenges and opportunities faced by Central and Eastern European countries in their pursuit of economic growth and stability.

Overall, this book is a must-read for anyone interested in contemporary economic analysis and the evolving dynamics of global capitalism. It offers a comprehensive and insightful perspective that will contribute to ongoing discussions and debates in the field.

Weight: 371g
Dimension: 210 x 148 (mm)
ISBN-13: 9783031049491
Edition number: 1st ed. 2022