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Beyond Varieties of CapitalismConflict, Contradictions, and Complementarities in the European Economy$
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Bob Hancké, Martin Rhodes, and Mark Thatcher

Print publication date: 2007

Print ISBN-13: 9780199206483

Published to Oxford Scholarship Online: September 2008

DOI: 10.1093/acprof:oso/9780199206483.001.0001

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The Origins of Varieties of Capitalism: Lessons from Post-Socialist Transition in Estonia and Slovenia

The Origins of Varieties of Capitalism: Lessons from Post-Socialist Transition in Estonia and Slovenia

Chapter:
(p.328) 12 The Origins of Varieties of Capitalism: Lessons from Post-Socialist Transition in Estonia and Slovenia
Source:
Beyond Varieties of Capitalism
Author(s):

Magnus Feldmann

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199206483.003.0012

This chapter studies the origins of varieties of capitalism in post-socialist Central and Eastern Europe. It develops a theory of network-promotion and network-disruption to explain the emergence of LME and CME institutions. This theory is examined in the context of two countries in the region, Estonia and Slovenia, which are shown to be very good examples of liberal and coordinated market economies. This chapter focuses on industrial relations and wage bargaining in these two countries. It shows how inherited economic institutions and strategic policy choices in early transition have shaped networks and emerging varieties of capitalism.

Keywords:   institutional change, post-socialist transition, industrial relations, wage bargaining, Estonia, Slovenia

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