State Capture, Political Risks and International Business: Cases from Black Sea Region Countries

Hardcover, xxv + 227 pages, NOT ex-library. Missing the front blank endpaper, else very good. Clean and bright throughout with unmarked text, free of inscriptions and stamps, firmly bound. Boards show gentle handling wear. Published without a dust jacket. -- 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. -- Contents: Introduction: State Capture, Political Risk & International Business; 1 Theory [Corruption, Favouritism and Institutional Ambiguity as Political Risks: Insights from the Concept of Neopatrimonialism; Political Risk & International Business: Where They Interfere, Consequences, Options] 2 Country Case Studies [Doing Business in Armenia: Art of Manoeuvring a System of Corruption; Political Risk Factors for the Business Environment in Georgia; State Capture in Azerbaijan Between Clan Politics & Bureaucratic Oligarchy; Doing Business in Russia: Main Political Risks & Challenges for International Companies; Corruption Among Ukrainian Businesses: Do Firm Size, Industry & Region Matter?; Political Risks in Moldova: A Barrier to International Investment?; Transformation of Corporate Governance in Turkey: Eliminating or Accommodating Political Risk for Doing Business?; Corruption & Favouritism in Romania; Political Risks to International Business in Bulgaria] 3 Company Case Studies [Developing a Logistics Hub in Georgia: Case of Gebrüder Weiss; Take-off in Baku. Waagner-Biro & the New Airport in Baku; Advanced Siemens Medical Equipment in Modernization of Moldavian Healthcare]; Conclusions; Index.…