The Impact of Exogenous Factors on Business Elite’s Formation: Comparing Societies

Country’s historical heritage, represented by social, political and economical factors, merely define society’s cultural base, which further define its potentials within all its spheres. In the article we focused on a specific phenomenon i.e. business elites, which we understand as crucial stakehold...
Ausführliche Beschreibung

Gespeichert in:
Autor*in:

Egon Prijon [verfasserIn]

Lea Prijon [verfasserIn]

Format:

E-Artikel

Sprache:

Englisch ; Slowenisch

Erschienen:

2015

Schlagwörter:

Slovenia

state building

institutions

modernization

transition

social capital

cultural capital

and economic capital 1 I ntroduction Elites have always been an extremely in teresting phenomenon

but despite all the research they are still an ambiguous topic due to how they are perceived: as actors who promote society’s development and prosperity or a closed and privil eged group of people who act in their own benefits. Elite’s Journal of Universal Excellence

Appendix June 2015

year 4

number 2

pp. A12 – A36 . A 13 perception varies within societies

which can be the consequence of its formation and role in soci e ty. In this respect

we ca n define two types of elite

which are formed in a society; promoters of development ( developmental business elite ) and/or rent - seek e rs

whose character merely depends on many mutually connected factors i.e. social

cultural

political and economic ones

which together rep resent a society’s/country’s hi storical heritage. These factors represent a basis

which promotes (or hinders) a specific type of elite to be formed. In this respect

societies

with a developed free market economy

established democratic system and efficient inclusive institutions

are more likely to enable and promote the formation of developmental business elites

while societies with non - market or p lanned economy

non - democratic system and exclusive institutions are more likely to enable and promote rent - seeking business elites. In order to detach these factors

it is necessary to analyze country’s (society’s) profile

thus we have set a frame of s ocial

political

economic and cultural factors

which we will refer to as ” the complex of exogenous factors ” . These were further divided in two separate groups

which are still mutually connected and interdependent. The two groups are: 1.) Socio - cultural factors and 2.) Soci o - economic factors. The first group consists of : processes of state building and nation building

institutions and the process of modernization and transition

and it represent s macro components of business elite’s formation. While the second group consists of three Bourdieu’s capitals: social capital

economic capital and cultural capital and represent s both; macro components and micro components of business elite ’ s formation. The two groups of factors are analyzed in more details in what follows. The aim of the article is to analyz e the formation

role and profile of business elite. But to understand better the whole concept of the analysis and the whole idea

we have set the research as a comparative frame

comparing countries with different paradigmatic model of emergence and development . We have chosen to compare: 1.) Switzerland

the United States of Americ a and the EU - 3 (Great Britain

France

Germany)

as countries representing developed Western democracies/economies. 2.) Slovenia

Russia and the Ukraine

as countries of the ex - communist (ex - socialist) block. Journal of Universal Excellence

pp. A12 – A36 . A 14 3.) Brazil

India and China

as other three countries of the BRIC group . Such a comparative frame will allow us more applicable

reliable and verifiable results. In addition

th e research algorithm is set in the way to make a distin ction between the two types of business elite; developmental and rent - seeking one. It c onsists of theoretical analysis of the socio - cultural factors and quantitative analysis of macro - economic indicators

measured on annual basis by the World Economic Forum (WEF) and presented in its annual Global Competitiveness Report

within research of countries ’ developmental potentials. In this respect

we will be dealing with the research question of how do socio - cultural and soci o - economic factors shape the basis for the emergen ce of a specific type of elite and how do they affect its role in a specific society. 2 Defining b usiness elite s Before presenting the research and results

it is necessary to highlight the topic of elites

more specifically the business elite s . Thus

d eriving from very first authors dealing with elites

Pareto ( 1915)

we define the latter as a privileged group of individuals

who form the top of society. According to Pareto

elite is an internally fragmented group of people with the highest index of activity. These people gather in three main segment s of elite i.e. political

economic and cultural

associated with specific attributes i.e. power

economic resources and knowledge . In addition to these three main elite’s segments

Mills (1965) defines also th e power elite

as a group of individuals holding the top positions in economic sphere

being thus connected with attributes of power and money. From this perspective

it can be claim that these attributes or resources are mutually connected and occur in various combinations in practice . As the article deals with analyzing the profile of business elite

we will deal only with this specific segment . In this respect we derive from Figueroa ( 2002

2008 )

who principally deals with economic elite by defining them as a privileged group of people in the economic sphere

who hold the ownership of the means of production and control economic processes

thus having a high concentration of ( physical /economic ) capital and income in the form of profits . Nevertheless

we can apply his definitions to the business elite

adding to this definition Ipsos Media CT ’s (2010) conceptualizations

business elites

and economic capita

Übergeordnetes Werk:

In: Revija za Univerzalno Odličnost - Faculty of Organisation Studies, Novo Mesto, 2013, 4(2015), 2, Seite a12-a36

Übergeordnetes Werk:

volume:4 ; year:2015 ; number:2 ; pages:a12-a36

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Katalog-ID:

DOAJ033066310

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