engleski

Privatization and Institutionalization of Economic Order in Transitional Societies

The transition process, concieved as a quick adoption of western institutional, technological and political standards in the former socialist countries ran into many difficulties and produced many unexpected results. Transforming property rights by quick privatization, regardless of how the productive wealth was created and without quarantees that it will be used in future to promote general welfare, is lacking of a deeper social legimacy and is one of the major problems in the institionalization of the new economic and political order of those societies.

property rights, institutionalization of economic and political order, economic growth, social legitimization, solidarity and stability, Hobbes, Spinoza, Smith

Nedostaje podatak o stranicama. (admin.)