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
Knowledge and innovations are key elements of social and economic development. Success and stability of modern companies is primarily based on continuity of innovations. This paper explores negative consequences of long term institutional vacuum, which is present in most post-socialistic countries, with the example of Montenegro and Bosnia and Herzegovina, and its effect on economic development, small investments into science and innovation development.
Paradoxes connected to the subject of investigation are considered. The starting hypothesis is that innovation development is indirectly affected by the degree of institutional development, i.e. that innovation only has propulsive power in the developed and pluralistic institutional environment.
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