Chapter

Entrepreneurship in Transition Economies: The Role of Institutions and Generational Change

Saul Estrin and Tomasz Mickiewicz

in The Dynamics of Entrepreneurship

Published in print July 2011 | ISBN: 9780199580866
Published online September 2011 | e-ISBN: 9780191728716 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199580866.003.0009
Entrepreneurship in Transition Economies: The Role of Institutions and Generational Change

Show Summary Details

Preview

Transition economies have lower rates of entrepreneurship than most developed and developing market economies. The difference is even more marked in the countries of the former Soviet Union than those of Central and Eastern Europe. The chapter links these differences partly to the legacy of communist planning, and the need to replace it with formal market-supporting institutions. Many of these changes, however, have now taken place. To analyze this longer term issue, the chapter highlights the necessarily slow pace of development of new informal institutions and the need to rebuild generalized trust. The chapter argues that changes are slower in the former Soviet Union than Central and Eastern Europe because communist rule was much longer, leading to a generational lack of institutional memory.

Keywords: GEM; entrepreneurship; Soviet Union; economies in transition; Eastern Europe; comparative systems; transition entrepreneurship; Central and Eastern Europe; post Communist economies

Chapter.  10081 words.  Illustrated.

Subjects: Innovation

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.