Concerning the Role of the Institutions in Modernization of Economy

Rumen Lazarov

Economic Studies journal, 2003, issue 1, 110-129

Abstract: In this paper we have made an attempt to comprehend the processes of modernization of our social and economic system in the light of the integration of institutional agents in neoclassical theory. From the angle of methodology this approach implicitly presupposes the determining of the combined effect of market competition and institutions on the improving social and economic systems. In the context of the experience, whose bearer are modernized economies – similar to the ones in the Western world – we have elaborated our thesis on the hindering effect of the “collectivist epoch” institutions in accomplishing the profound change in our country. This change is directed from the “periphery”, based on the retarded technological level, as well as on social collectivism as mutually conditioned phenomena, towards the formation of an environment fostering the demonstration of individual needs through competitive development in the global world.

JEL-codes: B25 B52 (search for similar items in EconPapers)
Date: 2003
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ceeol.com/aspx/issuedetails.aspx?issuei ... d5-b114-2549806d3227

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2003:i:1:p:110-129

Access Statistics for this article

More articles in Economic Studies journal from Bulgarian Academy of Sciences - Economic Research Institute Contact information at EDIRC.
Bibliographic data for series maintained by Diana Dimitrova ().