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Post-socialist societal trajectories: democratic and market transition or state capture?

Author

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  • Andrey Nonchev

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

Abstract

The article discusses alternative trajectories of post-socialist societal transformations, with an emphasis on a specific state of society designated as "state capture". It presents a theoretical model that interprets the state capture not as an anonymous actorless process, but as a rational pursuit of specific strategies for acquisition, concentration and preservation of political and economic power and extraction of economic benefits/rents. The implementation of these strategies involves the formation and operation of the politico-economic power networks that seek to control key public legislative, executive and judiciary institutions. These processes have a systematic nature and significant political, economic and social consequences.

Suggested Citation

  • Andrey Nonchev, 2018. "Post-socialist societal trajectories: democratic and market transition or state capture?," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 43-53, March.
  • Handle: RePEc:nwe:natrud:y:2018:i:1:p:43-53
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/9935
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    More about this item

    Keywords

    state capture; public institutions; power networks; politico-economic power networks; corruption; clientelism;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • P3 - Economic Systems - - Socialist Institutions and Their Transitions

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