The reconstruction of the institutional system during the process of transition to the market economy
AbstractIn the socio-economic system, the institutions represent a real structural frame on which the entire economic edifice is standing, inclusively the mechanism of functioning of the economy. The economic processes cannot take place in a normal way without an institutional system made up of a complex network of rules and organizations. Because the transition to the market economy also implies the edification of a new institutional system based on new principles and realities, one also imposes a theoretical and practical analysis of the institutions, of their transformation and adaptation to the new circumstances in order to make the normal economic life possible.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Revista Tinerior Economisti(The Young Economists Journal).
Volume (Year): 1 (2008)
Issue (Month): 10 (April)
institutional system; transition; reform; privatization;
Find related papers by JEL classification:
- P00 - Economic Systems - - General - - - General
- P3 - Economic Systems - - Socialist Institutions and Their Transitions
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