Privatization and economic liberalization: The role of the entrepreneur as a catalyst for economic development in transition economies

Clay Dibrell, Paula Englis-Danskin, Ben L. Kedia

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review


Many nations with transition economies are attempting to develop their national competitiveness through such processes as privatisation of state owned enterprises (SOEs) and/or the use of economic liberalisation (e.g. lessening of tariffs, industry regulations, etc.) to spur economic growth and development as a complement to privatisation. The impact of the intermediary factor markets of production and the entrepreneur has largely been underestimated and unexplored in the context of transition economies. Drawing upon economic market transition and entrepreneurship theories, a theoretical framework of the transition process from a command to a market economy is proposed of the interdependent relationships of transition policies, intermediary factors of production, and entrepreneurship. We base our categorization of factor markets of production from Porter’s (1990) perspective of basic and advanced factors of production. A key premise of our article concerns a nation’s ability and capability of generating basic and advanced factors of production that enable the nation’s economy to move from a command to a market oriented. In the interim period.
Original languageUndefined
Title of host publicationTransition Economies: 21st Century Issues and Challenges
EditorsGergo M. Lakatos
Place of PublicationHauppauge, USA
PublisherNova Science
Number of pages221
ISBN (Print)978-1-60456-082-4
Publication statusPublished - 2008

Publication series

PublisherNova Science Publishers, Inc.


  • METIS-253454
  • IR-94065

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