Uncertainty, Congruence and Uneven Institutionalization: The Dynamics of Institutional Innovation in Transitional Societies
DOI:
https://doi.org/10.3989/arbor.2011.752n6012Keywords:
Innovation, Capitalism, institution, institutionalization, transference, societyAbstract
The purpose of this article is to analyze the varieties of Capitalism that emerged in Latin America and Central-Eastern Europe since 1980 as instances of institutional transfer. The article considers the possibility that Capitalism, as occurs with democracy, is a complex institutional package rather than and elemental institution. Some of its’ components travel faster than others through hybrid forms. These, rather than being instances of imperfect transplantation, or intermediate stages in a process of successful transfer, represent new frameworks, with potential for institutionalization.
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