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The introductory parts of the paper analyse development of a local variety of capitalism in Slovakia from the institutional and evolutionary perspective. In early transition period privatisation policies were aimed at development of a liberal version of capitalism, based on fluid capital markets. These policies were confronted with institutional legacies of previous regimes. Privatisation, however, had major impact on structure of capital ownership and management. Next chapters comparedoi:10.18267/j.polek.575 fatcat:jjqbsxgrbndo3bjydaphctak2u