INSTITUCIONALNE PROMJENE KAO PREDUSLOV ODRŽIVOG EKONOMSKOG RAZVOJA ZEMALJA JUGISTOČNE EVROPE / INSTITUTIONAL CHANGES AS A PREREQUISITE FOR SUSTAINABLE ECONOMIC DEVELOPMENT OF THE COUNTRIES OF THE SOUTH EASTERN EUROPE

Abstract

The economic literature has shown that the role of institutions in general and economic institutions in particular, are extremely important for economic growth and sustainable economic development. In most transition countries is uniform application of economic and general institutes significantly reduced, influenced by the ideas of economist - reformers neoinstitutional monism market forms (like neoliberalism). Starting from the fact that economic growth and economic development is not characterized by any country, Nobel laureate D. North and R. Thomas as their absence explained inefficiency or lack of most institutional structures , especially property rights , "good game depends more on the good than the rules of good players " (J. Buchanan ). In contrast to the policy makers in our region, in all developed economies, decision makers, an important place attach the theoretical concept of institutional pluralism. We have witnessed a plurality of institutions and not by monism, the main feature of the institutional structure through which achieves maximization of income and a high degree of freedom. If we look back, in the wider region of Southeast Europe (SEE) nowhere such a pluralistic institutional structure and for this reason there is no socioeconomic well-being, or significant levels of freedom, even more significant and long-term economic growth and development.