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Good Governance in Central and Eastern Europe

The Puzzle of Capitalism by Design. Economies & Societies in Transition S.

By (author) Herman W. Hoen
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 25th Jul 2001
Dimensions: w 156mm h 234mm d 20mm
Weight: 408g
ISBN-10: 1840646187
ISBN-13: 9781840646184
Barcode No: 9781840646184
The implementation of a democratic order embedded in a market economy environment has proved immensely difficult. Furthermore, this process is subject to tremendous variety within Central and Eastern Europe. Ten years after the collapse of communism it was apparent that only Poland and Slovenia surpassed their 1989 levels of GDP. This text scrutinizes the arrangements to enforce good governance in this area both by means of external help and domestic political leadership. From the popular assumption that transformation is a collective good, it follows that the problem of free-riding has to be faced. Consequently there is a danger that transformation may never be completed. This book empirically tests the relationship between economic performance and good governance focusing upon voluntary coercion as a means to prevent free-riding behaviour. The author examines the role of international organizations and discusses elite formation as an important element of good governance - something often ignored in the economic analysis of economic performance.

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