ALTERNATIVNE INSTITUCIJE I INSTITUCIONALNI MONIZAM KAO KOČIONI FAKTORI EKONOMSKOG RAZVOJA/ ALTERNATIVE INSTITUTIONS AND INSTITUTIONAL MONISM AS A HINDERING FACTORS FOR ECONOMIC DEVELOPMENT

Abstract

This paper analyzes and identifies relevant institutional characteristics and factors of economic crisis in the South East Europe (SEE). It examines the key theoretical and practical barriers, which were continuously hindering the real institutional changes in this region. Its hypothesis is that there are two phenomena which interfere with economic development in the surveyed countries, namely: the application of institutional monism of neoliberal type and dominance of alternative institutions. Trying to prove the hypothesis that ignorance of the institutional pluralism and domination of alternative institutions in the SEE region led to the dysfunctionality of institutional changes that have affected to all indicators of economic development in the monitored countries. In addition, there has been an attempt of differentiation factors, one of which is for its destructive impact allocate alternative institutions and quasi-neo-liberal recipes of economic policy, which many authors believe that it was used for the privileged "elite" as a theoretical cover for the achievement and preservation of non-market acquired wealth and power. It points to the disastrous and anti- developmental consequences of monistic anti- institutional economic policies of neo-liberal type.In conclusion, it ascertains the consequences of destructive impact of monistic factors of anti-institutional character, which holds a quasi-neoliberal sign.