Since several transition economies faltered after promising starts in the early 1990s, researchers should consider the role of inhibiting and enhancing stakeholders in relation to a developing nation’s political and economic ideologies. We suggest that the role of stakeholders, specifically internal stakeholders, have largely been ignored in the privatization and economic liberalization processes involved in transition economies. These stakeholders should be examined further, as they often act as inhibitors to economic progress rather than enhancers in countries attempting to move from command to market economies.