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The Balkan model and the balkanization of East Central Europe

Author

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  • Miklós Szanyi

    (Institute of World Economics, Centre for Economic and Regional Studies)

Abstract

East Central Europe (ECE) has shown marked flaws in its institutional system throughout its transition process compared to Western benchmarks. These were deeper in the Balkan countries than in the Visegrad countries (V4). However from the mid-2000s and especially after the 2008 crisis, also V4 altered institution development path away from the benchmarks. The existing and increasing differences in the political and economic institutions of the ECE versions of the “transatlantic model of capitalism” and the failure of the comprehensive application, moreover the politically and socially easy U-turn in the development process of these countries can be explained with the existence of another local model of capitalism the “Balkan model”.

Suggested Citation

  • Miklós Szanyi, 2019. "The Balkan model and the balkanization of East Central Europe," IWE Working Papers 258, Institute for World Economics - Centre for Economic and Regional Studies.
    • Handle: RePEc:iwe:workpr:258
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    File URL: https://vgi.krtk.hu/publikacio/nr-258-2019-11/
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    Cited by:

    1. Miklós Szanyi, 2019. "Globalization - challenges for economic policy," IWE Working Papers 263, Institute for World Economics - Centre for Economic and Regional Studies.
    2. Éltető, Andrea & Sass, Magdolna, 2021. "A kapitalizmus változatai és az ipar 4.0 a visegrádi országokban [Varieties of capitalism and industry 4.0 in the Visegrad countries]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 490-514.

    More about this item

    Keywords

    East Central Europe; rent seeking; corruption; capitalist models; business capture;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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