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Comparative Capitalism and the Transitional Periphery

Firm Centred Perspectives Edited by Mehmet Demirbag, Professor of International Business and Deputy Dean, Essex Business School and Geoffrey Wood, Dean and Professor of International Business, Essex Business School, University of Essex, UK
With a growing body of literature dealing with business and management issues in the transitional economies of Central and Eastern Europe, the study of the ‘transitional periphery’, or post-Soviet economies, is sparse. A combination of rich natural resources and strategic locations make these economies of significant importance. This book provides fresh and recent research on both firms and the business environment in this region. It serves as a key reference work for those interested in comparative capitalism, business and society in the post state socialist world.
Extent: 288 pp
Hardback Price: $140.00 Web: $126.00
Publication Date: 2018
ISBN: 978 1 78643 088 5
Availability: In Stock

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  • Business and Management
  • International Business
An original and insightful book, this work focuses on domestic and overseas firms operating in those Central Asian and Eastern European countries considered to be the transitional economic periphery. Chapters shed light on their distinct forms of capitalism, and how it influences and adapts the firms located there.  

The eminent authors show how, in a post-state socialist world, there are several implications for both domestic and overseas firms functioning successfully in the transitional periphery. With the complex mix of political and market mediation and informal personal ties, chapters explore the delicate balance of liberalisation in transitional economies. Detailed examples from specific countries in Eurasia and Central Asia such as Belarus, Azerbaijan, Mongolia, Uzbekistan, Armenia and Georgia are discussed alongside broader thematic issues of economic and social change, labour relations and human resource management. Most importantly, it is shown that liberalisation has little connection to short-term business growth. To succeed in such contexts, international firms need to be both pragmatic and creative in coping with malleable yet durable forms of institutional mediation.

Providing a unique perspective on the transitional economic periphery and much-needed insights from international business, this book is essential reading for researchers and graduate students studying transitional economies, non-traditional business models, institutional persistence and change, political and economic development and management in economically transitioning countries.
Contributors: Y.H. Akbar, A. Arslan, R. Croucher, H. Danilovich, M. Demirbag, A.V. Gevorkyan, M. Kisilowski, J. Larimo, D. Makhmadshoev, S. Manalsuren, M. Michalski, G.O. Serafini, M. Śliwa, L.T. Szamosi, S.Y. Tarba, A. Resul Usul, G. Wood, S. Yorgun

Geoffrey Wood and Mehmet Demirbag

1. Expanding the boundaries of institutional analysis in the transitional periphery
Dilshod Makhmadshoev

2. Uzbekistan: Autocracy, Development and International Firms
Geoffrey Wood and Mehmet Demirbag

3. Mongolian management: local practitioners’ perspectives in the face of political, economic and socio-cultural changes
Saranzaya Manalsuren, Marina Michalski and Martyna Śliwa

4. Political risk, political instability and the transitional periphery in the age of global uncertainty
Ali Resul Usul

5. International business view of economic and institutional transformation in transitional periphery: Armenia and Georgia
Aleksandr V. Gevorkyan

6. Influence of Economic and Political Changes on Industrial Relations between Turkey and Azerbaijan
Sayım Yorgun

7. The Application of MNC HR Policies and Practices in the Luxury Hotel Industry: Differences and Similarities Between Transitional Periphery Versus Developed Economies
Giovanni O. Serafini and Leslie T. Szamosi

8. The state and company managements in Belarus
Hanna Danilovich and Richard Croucher

9. Equity commitment and company resources: evidence from Nordic multinational enterprise strategies in transitional periphery economies
Ahmad Arslan, Jorma Larimo and Shlomo Y. Tarba

10. Lessons in nonmarket strategy from Eastern Europe and Central Asia: moving beyond the ‘compared to what’ question
Yusaf H. Akbar and Maciej Kisilowski