Purpose – Attempts to “Westernize” post-socialist economies of Eastern Europe resulted in little or no progress. This paper aims to incorporate the resource-based view (RBV) paradigm to shed light on the present difficulties and challenges. A shortage of resources, many of which are taken...

Purpose – Attempts to “Westernize” post‐socialist economies of Eastern Europe resulted in little or no progress. This paper aims to incorporate the resource‐based view (RBV) paradigm to shed light on the present difficulties and challenges. A shortage of resources, many of which are...