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The Role of Domestic Institutions

In: Trade, Development and Structural Change

Author

Listed:
  • Anca M. Voicu

    (Rollins College)

  • Somnath Sen

    (The University of Birmingham)

  • Inmaculada Martinez-Zarzoso

    (University of Göttingen
    Institute of International Economics University Jaume I)

Abstract

Since planned economies were relatively autarkic, none of them traded extensively with the capitalist outside world. During the transition, as trade relationships widened internationally, these economies also went through a process of creating new institutions and organizations that required new skills and attitudes more relevant to the global trading world. The relationship between citizens and the state also changed substantially. This chapter discusses the importance and the role played by institutions in a changing economic environment. It also analyses how institutional change affected the business participants in the new capitalist environment.

Suggested Citation

  • Anca M. Voicu & Somnath Sen & Inmaculada Martinez-Zarzoso, 2018. "The Role of Domestic Institutions," Studies in Economic Transition, in: Trade, Development and Structural Change, chapter 6, pages 113-151, Palgrave Macmillan.
  • Handle: RePEc:pal:stuchp:978-1-349-59005-6_6
    DOI: 10.1057/978-1-349-59005-6_6
    as

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