TY  - JOUR
AB  - Recent proposals for swift privatization of all social property in
Eastern Europe overlook the unique history and culture of that region.
The neoclassical model of development treats private property and free
markets as virtual guarantees of prosperity, stability, and political
democracy. However, the more comprehensive method of political economy
highlights the social, political, and cultural underpinnings of economic
activity. Centuries of authoritarian rule, culminating in four decades
under communism, have left Eastern Europe ill‐equipped for the rigours
of international competition. Until Eastern Europe develops stable
democratic institutions, mass privatization is likely to result in chaos
and the reimposition of political authority.
VL  - 19
IS  - 7/8/9
SN  - 0306-8293
DO  - 10.1108/EUM0000000000498
UR  - https://doi.org/10.1108/EUM0000000000498
AU  - Clark Barry S.
PY  - 1992
Y1  - 1992/01/01
TI  - Political Economy, Democracy and Eastern Europe
T2  - International Journal of Social Economics
PB  - MCB UP Ltd
SP  - 259
EP  - 272
Y2  - 2024/04/25
ER  -