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In the Balkans, investors operate within a devil’s circle

Vorley, Tim and Williams, Nick (2015) In the Balkans, investors operate within a devil’s circle. LSE European Politics and Policy (EUROPP) Blog (07 Dec 2015). Website.

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Promoting entrepreneurship is often viewed as a key component for generating growth in the transition economies of eastern Europe. Tim Vorley and Nick Williams write that tackling corruption has an important role in this process. Drawing on recent research in Bulgaria and Romania, they assess the challenges posed by corruption for entrepreneurs in the region, noting that the issue must be understood and tackled effectively if entrepreneurship is to have a positive and productive impact on national economies. Currently, investors cannot break out of a ‘devil’s circle’ in which they are forced to engage in corrupt practices themselves, if they are to get anything done.

Item Type: Online resource (Website)
Official URL:
Additional Information: © 2015 The Author(s)
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Date Deposited: 27 Mar 2017 08:43
Last Modified: 16 May 2024 07:54

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