Free Market in Its Twenties

Modern Business Decision Making in Central and Eastern Europe
$50.00 / €38.00 / £32.00
Publication date: 
268 pages

This book provides a broadly managerial perspective on key trends that affect business decision-making in Central and Eastern Europe twenty years after the beginning of the region’s transition to market economy. Reflecting different viewpoints, including economic, social, and political approaches, the essays helps managers of the region to understand better both regional and the global forces influencing their businesses – as well as to bring to their attention relevant cutting-edge approaches to business thinking and decision-making.

“The story of the rise of democracy and a market economy in Central and Eastern Europe over the past twenty-five years is often told as a series of historic events. But behind these obviously monumental events—sometimes spectacular, sometimes tragic, and often both—lies another story: that of the effort to build the fledging CEE market economies. This largely untold story is less about politicians and more about managers and entrepreneurs seizing remarkable economic opportunities that history has given them”. – from the Introduction by George Soros.


List of Tables
List of Figures
List of Boxes
List of Abbreviations
List of Contributors

Introduction: Political Economy and Public Finances
István Benczes

I. Cross-Country Analysis of Public Finances in Central and Eastern Europe

1. Economic Freedom and Public Debt in Central and Eastern Europe
Oliver Treidler

2. Political Business Cycles: Theory and Empirical Findings for the CEE Region
András Olivér Németh

3. The Strategic Use of Public Debt in Central and Eastern Europe
Vera Takács and István Benczes

4. Varieties of Capitalism and Public Finances in Central and Eastern Europe
Zsolt Szabó

II. Case Studies in the Public Finances of Central and Eastern Europe

5. Passive Macroeconomic Populism in the Baltics
Gábor Kutasi

6. Values, Norms, and Beliefs: The Case of Poland
Judit Kozenkow

7. Critical Junctures and Unintended Consequences: The Case of Hungary
István Benczes

8. Structural Reforms in a Low-Trust Environment: The Case of Slovakia
Dóra Győrffy

9. Europeanization with a Detour: The Case of Croatia
Fruzsina Sigér


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