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Forging new relationships: Social capital in the transistion

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  • Laura Taylor
  • Mary Wrenn

Abstract

A theory of transitional economies is now emerging, much of which is evolutionary-institutional in nature and hence very critical of the naïveté of socalled shock therapy and the economic reasoning that supported it. Indeed it has become apparent that changing the formal rules of the game, difficult as this may be, is far from sufficient. The informal rules of the game, the customs and norms of the social order, are critical to the operation of the economy. These informal rules are often implicit or tacit, and therefore very difficult to reach on a policy level. This paper seeks to apply the concept of social capital to the transitional economic process using the former Soviet republic of Russia to draw attention to the complex issues of governance and legitimacy that are too often neglected in economic discourse.

Suggested Citation

  • Laura Taylor & Mary Wrenn, 2003. "Forging new relationships: Social capital in the transistion," Forum for Social Economics, Taylor & Francis Journals, vol. 33(1), pages 1-11, January.
  • Handle: RePEc:taf:fosoec:v:33:y:2003:i:1:p:1-11
    DOI: 10.1007/BF02778961
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    References listed on IDEAS

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    1. Eric J. Friedman & Simon Johnson, 1996. "Complementarities in economic reform," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(2), pages 319-329, October.
    2. Marcella Mulino, 2002. "On the determinants of capital flight from Russia," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 30(2), pages 148-169, June.
    3. Levin, Mark & Satarov, Georgy, 2000. "Corruption and institutions in Russia," European Journal of Political Economy, Elsevier, vol. 16(1), pages 113-132, March.
    4. Braguinsky, Serguey, 1999. "Enforcement of Property Rights during the Russian Transition: Problems and Some Approaches to a New Liberal Solution," The Journal of Legal Studies, University of Chicago Press, vol. 28(2), pages 515-544, June.
    5. John Marangos, 2002. "A Political Economy Approach to the Neoclassical Model of Transition," American Journal of Economics and Sociology, Wiley Blackwell, vol. 61(1), pages 259-276, January.
    6. John Humphrey & Hubert Schmitz, 1998. "Trust and inter-firm relations in developing and transition economies," Journal of Development Studies, Taylor & Francis Journals, vol. 34(4), pages 32-61.
    7. Lokshin, Michael M. & Yemtsov, Ruslan, 2001. "Household strategies for coping with poverty and social exclusion in post-crisis Russia," Policy Research Working Paper Series 2556, The World Bank.
    8. Shang-Jin Wei, 1997. "Gradualism versus Big Bang: Speed and Sustainability of Reforms," Canadian Journal of Economics, Canadian Economics Association, vol. 30(4), pages 1234-1247, November.
    9. Koldko, Grzegorz W., 1999. "Ten years of post-socialist transition lessons for policy reform," Policy Research Working Paper Series 2095, The World Bank.
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