Europeanization, Varieties of Capitalism and Economic Performance in Central and Eastern Europe (Studies in Economic Transition)

By combining insights from Europeanization, globalization, varieties of capitalism, and policy transfer literature, this book reconceptualizes the dynamics taking place during the EU enlargement process and makes a major contribution to the understanding of the relationships between institutional transformation and economic performance. This Book Offers A Rigorous Treatment Of The Complex Issues Faced By Central And Eastern European Countries (ceecs), Using The Latest Theoretical Developments Of A Long-standing Intellectual Tradition Concerned With Understanding The Relationship Of Politics And Economics. The Hypothesis Tested At Length Through A Combination Of Quantitative And Qualitative Methodologies Is That Institutions Are The Underlying Determinant Of The Long-run Performance Of Economies.--jacket. Part 1. Theoretical Considerations -- State-society Interaction And Interest Group Intermediation -- Varieties Of Capitalism -- Theoretical Cross-fertilizations: Globalization, Europeanization, And Policy Transfer -- Part 2. Institutions And Economic Growth In Central And Eastern Europe: A Quantitative Analysis -- Diverging Paths: Alternative Explanations -- Models Of Capitalism And Economic Growth In Eastern Europe -- The Econometric Model, Results And Implications -- Part 3. Domestic Institutions And Economic Performance: The 'cocktail Capitalism' -- State-industry Relations -- State-labour Relations -- State-finance Relations -- Part 4. External Policy Transfer And Economic Growth: Reconceptualizing External Influences -- Institutionalized Globalization And Policy Transfer: Stick And Carrot Policies -- The Europeanization Of Central And East European Countries: Main Policy Transfer Elements -- Empirical Testing -- Part 5. External Factors And Models Of Capitalism: The Romanian Experience -- The Impact Of The Europeanization Process -- The Impact Of The International Monetary Fund On Domestic Institutions In Romania: Aid, Conditionality And Policy Transfer -- The World Bank: Between Anglo-saxon Captialism And Mezzo-corporatism. Lucian Cernat. Includes Bibliographical References (p. 171-215) And Index. The current EU enlargement process is EU's biggest enlargement ever in terms of scope, diversity and issues involved. Therefore a book dealing with the Europeanization of the newly acceding countries could not be more timely. The book offers a rigorous treatment of the complex issues faced by Central and Eastern European countries (CEECs), using the latest theoretical developments of a long-standing intellectual tradition concerned with understanding the relationship of politics and economics. The hypothesis tested at length through a combination of quantitative and qualitative methodologies was that institutions are the underlying determinant of the long-run performance of economies. The book argues that the institutional inconsistencies found in the emerging models of capitalism create a set of incentives for political and economic actors that in some CEECs are not growth enhancing. By showing that CEECs did not adopt a uniform model of capitalism, the book further clarifies the debate surrounding the issues of Europeanization, globalization and institutional convergence Front Matter....Pages i-xvi Introduction....Pages 1-6 Theoretical Considerations....Pages 7-30 Institutions and Economic Growth in Central and Eastern Europe: A Quantitative Analysis....Pages 31-45 Domestic Institutions and Economic Performance: ‘Cocktail Capitalism’....Pages 46-104 External Policy Transfer and Economic Growth: Reconceptualizing External Influences....Pages 105-127 External Factors and Models of Capitalism: The Romanian Experience....Pages 128-164 Conclusions....Pages 165-170 Back Matter....Pages 171-222 Annotation This book examines the EU enlargement process of Central and Eastern European countries and makes a major contribution to the understanding of the relationships between institutional variables and economic performance