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State Capture, Political Risks and International Business

Cases from Black Sea Region Countries

State Capture, Political Risks and International Business by Johannes Leitner
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In the OECD-area states provide security business to be conducted through a legal-institutional framework where state institutions, working in a legal-rational, predictable and effective manner, are often taken for granted. Worldwide, however the situation is very different. Private actors seize public institutions and processes accumulating ever more power and private wealth by systematically abusing, side-stepping, ignoring and tailoring formal institutions to fit their interests. Such forms of ‘state capture’ are associated with specific political risks international businesses are confronted with when operating in these countries, such as institutional ambiguity, systematic favouritism and systemic corruption.

This edited volume covers state capture, political risks and international business from the perspectives of Political Science and International Business Studies. Uniting theoretical approaches and empirical insights, it examines Azerbaijan, Armenia, Georgia, Ukraine, Moldova, Romania, Bulgaria and Turkey. Each chapter deals with country specific forms of state capture and the associated political risks bridging the gap between political analysis and business related impacts.

Taylor and Francis; November 2016
254 pages; ISBN 9781315308616
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Title: State Capture, Political Risks and International Business
Author: Johannes Leitner; Hannes Meissner
 
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9781138233775
9781315308616
9781315308623