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Who won the contest for a new property class? Structural transformation of elites in the Visegrád Four region


  • Jan Drahokoupil


This paper analyses the transformation of elites in the Visegrád Four countries (namely the Czech Republic, Hungary, Poland and Slovakia). Drawing on a process-tracing analysis, it argues that the emergence of foreign-led economies in the late 1990s was intertwined with political processes in which domestic forces linked to foreign capital were transformed into major elite segments with considerable influence. This elite segment, the comprador service sector, proved to be politically active within the states in Central and Eastern Europe and organized various mechanisms of representation within the state and beyond.

Suggested Citation

  • Jan Drahokoupil, 2008. "Who won the contest for a new property class? Structural transformation of elites in the Visegrád Four region," Journal of East European Management Studies, Rainer Hampp Verlag, vol. 13(4), pages 360-377.
  • Handle: RePEc:rai:joeems:doi_10.1688/1862-0019_jeems_2008_04_drahokoupil

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    Central and Eastern Europ; class; elites; foreign direct investment;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions


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