State capture by industrial lobbyists is a significant obstacle to normal economic development of formerly command (socialist) economies, at both the local and the national levels. It is prevalent in transition economics because of an excessively concentrated industrial structure and low labour...

This study discusses the evolution of personal wealth in transition economies. While data availability is still a problem, the available indirect evidence suggests privatization has resulted in an increase in personal wealth but also in personal wealth inequality, especially in the countries...