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Context and Uniqueness of Transition Economies

  • Chapter
Family Businesses in Transition Economies

Abstract

Transition to a market economy involves profound economic changes, and sometimes—but not necessarily—political change as well. In Europe, economic transition was coupled with political transformation, the resulting context being unprecedented and remaining unique. Central to transition are the cultural assumptions of a social system. Rapid regulatory reform does necessarily lead to rapid or easy transition unless mindset adapts simultaneously.

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Notes

  1. 1.

    Source: Based on Dana (2010).

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Authors and Affiliations

  1. Montpellier Business School, Montpellier Research in Management, 2300 Avenue des Moulins, Montpellier, France

    Léo-Paul Dana

  2. Faculty of Business and Economics, South-East European University, Ilinden 335, 1200, Tetovo, Republic of Macedonia

    Veland Ramadani

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    Léo-Paul Dana

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    Veland Ramadani

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Dana, LP., Ramadani, V. (2015). Context and Uniqueness of Transition Economies. In: Dana, LP., Ramadani, V. (eds) Family Businesses in Transition Economies. Springer, Cham. https://doi.org/10.1007/978-3-319-14209-8_3

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