RT Article
T1 The Mis-Match of Expectations and Tools in Transition Economies
JF Journal of business ethics
VO 47
IS 4
SP 335
OP 341
A1 Wheat, Jerry
A1 Swartz, Brenda
A1 Apperson, Jeffrey
LA English
PB Springer Science + Business Media B. V
YR 2003
UL https://www.ixtheo.de/Record/178562041X
AB The fall of the former Soviet Union and the opening of the countries of Eastern Europe has prompted examination of why central planning failed, why capitalism with all its faults is succeeding, and what actions and institutions are necessary to move command economies toward successful, sustainable market economic systems. As they privatize State Owned Enterprises (SOE's) expectations are that the companies will function with the success experienced by western companies. Governments hope to derive tax revenue from company profits and expect companies to provide jobs. Effecting the change is, however, far greater than changing the name plate on the door. Transition success will hinge upon institutional and infrastructure changes that need to be wide-spread., The ethical quagmire is that without changes in the infrastructure of the command economy system private enterprise is doomed to fail. Governments will then be deprived of the anticipated revenue streams emanating from businesses. Governments may then not be able to fulfill the economic and social expectations of their citizens. This would be not only counter-productive for businesses and government but also confusing and bewildering to the general populous. This paper explores structural impediments in transition economies and discusses how each blocks and distorts the formation of a true market economy.
K1 Western Company
K1 Economic System
K1 Market Economy
K1 Economic Growth
K1 Europe
DO 10.1023/A:1027366003393