Methodological Grounds of Comparative Analysis of Changes of Foreign Economic Institutes

Melentsova Olha V. ()
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Melentsova Olha V.: V. N. Karazin Kharkiv National University

Business Inform, 2014, issue 3, 33_36

Abstract: Institutional change is one of the most topical directions of scientific studies of economic system development. Transformation of foreign economic institutes is perceived at the empirical level but is not conceptualised into a theoretical system of strategic actions. Generalisations of economic and theoretical approaches to selection of models of reformation of foreign economic institutes regarding their national component are required. Scientists developed many methods, due to which institutional changes can and should take place, and this could be applied to the rules of foreign economic activity in the context of global transformations. A comparative analysis of models of change of foreign economic institutes should contain comparison of costs of institutional transformations at various trajectories and rates of transformation. If new institutes, in the result of institutional transformations, would not perform objectively conditioned functions, this would increase expenditures on reformation and would result in public losses. The trajectory of discrete changes through designing institutional changes is characterised with low risks of transformation of foreign economic institutes. The methodological basis is identification of trajectories of transformation of foreign economic institutes on the basis of allocation of specifically possible models of institutes and selection of transformation of formally possible into really possible.

Keywords: institutional transformations; comparative analysis; foreign economic institutions transformation models (search for similar items in EconPapers)
Date: 2014
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