Neoliberals argue that rapid liberalization and privatization can transform postcommunist economies into Western-style capitalist systems. Organizational sociologists argue that these policies produce a unique variety of capitalism, while world-systems theorists argue that they lead to underdevelopment. This article advances a social structural alternative in a crucial case. Poland’s relative economic success resulted from prolonged state ownership and an interventionist state employing various industrial policy tools that facilitated efficiency-enhancing market-oriented restructuring before ushering in beneficial foreign direct investment. The resulting capitalist system closely resembles the typical pattern found in most late industrializers.
Copyright © 2006, University of Chicago Press. This article first appeared in American Journal of Sociology: 112:3 (2006), 751-801.
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King, Lawrence P., and Aleksandra Sznajder Lee. "The State‐Led Transition to Liberal Capitalism: Neoliberal, Organizational, World‐Systems, and Social Structural Explanations of Poland’s Economic Success."American Journal of Sociology 112, no. 3 (November 2006): 751-801. doi: 10.1086/507851.