IDEAS home Printed from https://ideas.repec.org/a/nwe/natrud/y2014i3p9-63.html
   My bibliography  Save this article

Bulgarian Capitalisms

Author

Listed:
  • Vasil Prodanov

    () (University of National and World Economy, Sofia, Bulgaria)

Abstract

The subject of this study are the two main stages of the Bulgarian capitalisms from the Liberation to the present day - 66 years of the first Bulgarian capitalism between 1878 and 1944. There are 45 years of interruption and then came the second Bulgarian capitalism during the next 25 years. At the beginning of the study the main characteristics of the first Bulgarian capitalism are reconstructed. This capitalism occurred in a backward country, a periphery of the Western capitalism. The scarcity of resources and the delayed development, and also the geopolitical situation of the battle for hegemony of the Great Forces in two world wars defined its peculiarities, and ultimately his inability to realize its modernization tasks. The discourse of “transition to democracy and market economy” acquired a hegemonic status after the end of the state socialism. However behind this discourse a reality of economic, political and ideological restoration of capitalism is hidden. The first Bulgarian capitalism, especially after 1934, is based on a strong government while the second Bulgarian capitalism is born in a time of a global neoliberal wave and largely destroyed the country and dramatically reduces the effectiveness of institutions. There are three main characteristics of the second Bulgarian capitalism, analyzed in this study – they are connected with comprador elites, kleptocracy, peripheral development. This leads to its strong destructiveness, which specifically is analyzed in this study.

Suggested Citation

  • Vasil Prodanov, 2014. "Bulgarian Capitalisms," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 9-63, December.
  • Handle: RePEc:nwe:natrud:y:2014:i:3:p:9-63
    as

    Download full text from publisher

    File URL: http://research.unwe.bg/uploads/ResearchPapers/Research%20Papers_vol3_2014_No1_V%20Prodanov.pdf
    Download Restriction: no

    More about this item

    Keywords

    first capitalism; second capitalism; restoration; compradors; kleptocracy; peripheral development; late development; transition to democracy; sources of accumulation;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • P5 - Economic Systems - - Comparative Economic Systems
    • P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:natrud:y:2014:i:3:p:9-63. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vanya Lazarova). General contact details of provider: http://edirc.repec.org/data/unweebg.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.