John A. Gould and Carl Sickner – Making Market Democracies? The Contingent Loyalties of Post-Privatization Elites in Azerbaijan, Georgia and Serbia

Neoliberal market reformers stress the ‘market building instincts’ of private owners to justify rapid forms of property transformation under illiberal political conditions. Authors employ a ‘path contingency’ approach to show that under illiberal, competitive authoritarian conditions, privatization recipients and other private economic agents are unlikely to demand the basic institutions of market democracy. This paper examines these propositions during illiberal regime crises in Serbia, Georgia and Azerbaijan.

Gould, J. A., & Sickner, C. (2008). Making market democracies? The contingent loyalties of post-privatization elites in Azerbaijan, Georgia and Serbia. Review of International Political Economy, 15(5), 740-769.

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