Patchwork Capitalism and Economic Performance

This incisive book conducts an in-depth analysis of 21st century economic development paths in 11 post-socialist countries in Central and Eastern Europe (CEE-11). Employing novel empirical insights, chapters address how particular institutional arrangements can impact economic performance.Authors highlight how the nexus between institutions and economic performance in CEE11 countries embodies a distinct model of patchwork capitalism in the EU, reinforcing the belief that institutions are a significant differentiating factor. The book systematically compares the economic performance of the patchwork model to four Western European models of capitalism. In doing so, it challenges widespread interpretations of the post-socialist transition and presents a more nuanced explanation of modern capitalist diversity.Presenting theoretical methods and tools for research on comparative capitalism, especially the emerging topic of post-communist capitalism, this book is a key resource for scholars and students of economics, political science and sociology. It also provides valuable guidance for policy makers and practitioners interested in the evolving patterns of institutional, economic and political development in Central and Eastern Europe.