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Failed market insertion in Romania's chemical industry: evidence from two former state-owned enterprises.
- Source :
-
Review of International Political Economy . Oct2023, Vol. 30 Issue 5, p2012-2033. 22p. - Publication Year :
- 2023
-
Abstract
- This article describes the micro-foundations of failed market insertion in Romania's chemical sector. During the EU pre-accession period, transnational integration regimes (TIRs) induced FDI-dependence. In turn, mass-privatization policies in conjunction with weak state capacities—evidenced by domestic development policies with limited operational use—caused failed market insertion. Two former state-owned enterprises (SOEs) are analyzed in this manner, and two pathways to failed integration emerge: via domestic mismanagement and multi-national corporations' (MNCs) rent-seeking practices. The findings extend the diversity of the TIR framework and provide a nuanced account of downturn scenarios during EU integration. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09692290
- Volume :
- 30
- Issue :
- 5
- Database :
- Academic Search Index
- Journal :
- Review of International Political Economy
- Publication Type :
- Academic Journal
- Accession number :
- 172309064
- Full Text :
- https://doi.org/10.1080/09692290.2022.2154243