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National ideology, public policy, and the business environment: A contingency approach to economic reform in Hungary, Poland and Eastern Europe

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  • Brouthers, Lance Eliot
  • Lamb, Charles W.

Abstract

This paper proposes a contingency approach to economic reform in former Eastern bloc countries. In contrast to the standard view suggesting that market economies are the only viable alternative to command economies, this paper presents three alternative models of capitalism and offers a contingency approach to economic reform. The contingency view suggests that Eastern European countries should adopt the capitalist economy type that (1) best matches their capital and labor market structures; (2) is most consistent with their national history; and (3) best matches their economic development goals. Hungary and Poland are used to illustrate the efficacy of the proposed contingency framework.

Suggested Citation

  • Brouthers, Lance Eliot & Lamb, Charles W., 1995. "National ideology, public policy, and the business environment: A contingency approach to economic reform in Hungary, Poland and Eastern Europe," International Business Review, Elsevier, vol. 4(3), pages 355-372, September.
    • Handle: RePEc:eee:iburev:v:4:y:1995:i:3:p:355-372
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    References listed on IDEAS

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    1. Sachs, J.D., 1991. "Accelerating Privatizatiob in Eastern Europe: The Case of Poland," Research Paper 92, World Institute for Development Economics Research.
    2. Sachs, Jeffrey D, 1992. "Privatization in Russia: Some Lessons from Eastern Europe," American Economic Review, American Economic Association, vol. 82(2), pages 43-48, May.
    3. Domanski, Tomasz, 1992. "Development of small private companies and their marketing activities," Journal of Business Research, Elsevier, vol. 24(1), pages 57-65, January.
    4. Fischer, Stanley & Frenkel, Jacob, 1992. "Macroeconomic Issues of Soviet Reform," American Economic Review, American Economic Association, vol. 82(2), pages 37-42, May.
    5. Toyohiro Kono, 1984. "Strategy and Structure of Japanese Enterprises," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-17627-4, December.
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    Cited by:

    1. Gil, Adrian & Nakos, George & Brouthers, Lance Eliot & Brouthers, Keith D., 2006. "Country-specific strategy and new venture formation in Central and East Europe," International Business Review, Elsevier, vol. 15(1), pages 1-13, February.

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