Talbot, Lorraine (2012) Corporate governance, neoliberalism and transition economies. Working Paper. Coventry: University of Warwick. Warwick School of Law Research Paper (Number 2012/03).

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Abstract

Transition on a neoliberal model facilitated the misappropriation of the accumulated wealth of ex-command economies by the politically well placed and by western investors. This model caused a massive reduction in the productive capacity of these countries. The subsequent introduction of more nuanced approaches to transition, in scholarly thought and in the initiatives of global institutions have facilitated the emergence a new form neoliberalism – already current in developed economies. This new form emerges from a dialectical relationship between the ideal (neo-liberal shareholder primacy) and the compromise (individual countries’ cultural context) which is expressed in corporate governance Codes. The absence of progressive alternative models of governance has enabled global institutions and corporations to define the purpose of corporate governance.

Item Type:	Working or Discussion Paper (Working Paper)
Divisions:	Faculty of Social Sciences > School of Law
Series Name:	Warwick School of Law Research Paper
Publisher:	University of Warwick
Place of Publication:	Coventry
Official Date:	6 February 2012
Dates:	Date Event 6 February 2012 Published
Number:	Number 2012/03
Number of Pages:	35
Institution:	University of Warwick
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Open Access
Open Access Version:	SSRN

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