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Vol 4, 2014
Pages: 102 - 107
Review paper
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INTERNACIONALNI UNIVERZITET TRAVNIK U TRAVNIKU
EKONOMSKI FAKULTET TRAVNIK U TRAVNIKU
PRAVNI FAKULTET TRAVNIK U TRAVNIKU
FAKULTET ZA MEDIJE I KOMUNIKACIJE TRAVNIK U TRAVNIKU

u saradnji sa

MIT UNIVERZITET SKOPLJE, SJEVERNA MAKEDONIJA
VEVU, VELEUČILIŠTE LAVOSLAV RUZIČKA U VUKOVARU, HRVATSKA
VELEUČILIŠTE VIMAL, SISAK, HRVATSKA
CKKPI, TRAVNIK, BOSNA I HERCEGOVINA

organizuju

31. MEĐUNARODNU KONFERENCIJU

EKONOMSKE, PRAVNE I MEDIJSKE INTEGRACIJE BOSNE I HERCEGOVINE I ZEMALJA ZAPADNOG
BALKANA KAO KLJUČNI POKRETAČ EUROPSKIH VRIJEDNOSTI

12. – 13. decembar 2025. godine

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Received: 28.04.2014. >> Accepted: 09.05.2014. >> Published: 23.05.2014. Review paper

INSTITUCIONALNI OKVIRI ODRŽIVOG RAZVOJA/ INSTITUTIONAL FRAMEWORK OF SUSTAINABLE DEVELOPMENT

By
Veselin Drašković ,
Veselin Drašković
Milica Delibašić
Milica Delibašić
Abstract

A long duration of socioeconomic crisis, its depth, amplitude, reproduction and intensification with all the painful and associated manifestations and consequences still makes an insufficient  warning to the "reformers" and the holders of (neoliberal) economic policy in the neighboring states  indicating that something is wrong and that this alleged "development" model should be modified.  Sustainable development itself (and the structure of its components) gives the highest warnings suggesting that institutional pluralism presents its imperative framework and mandatory requirement. This paper discusses the function, importance and necessity of application of institutional pluralism in  the countries of Southeastern Europe as an exemplary model for sustainable economic development. It  criticizes all forms of institutional monism and points to their proven disastrous consequences. Accordingly, it starts from the hypothesis that the formula of effective and sustainable development  should be sought in the consistent application of real institutional pluralism. In doing so, institutional 
pluralism is being observed in three basic levels: economic (as parallel functioning of market, state  and ownership regulation), social (as an efficient functioning of the rule of law, political democracy,  sociocultural capital and all other social subsystems) and environmental (as environmental protection regulated by the law). 

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