Priority Of The Anti-Crisis Economic Policy Based On Innovative-Institutional Changes

Veselin Draskovic and Mimo Draskovic

Montenegrin Journal of Economics, 2009, vol. 5, issue 10, 47-52

Abstract: The combination of a global and local factors gives the modern financial and economic crisis a specificity and uniqueness. The aim of this paper is to point to the urgent need of the consistent anti-crisis economic policy creation, which must take into account local and global crisis and risks factors. This article discusses the influence of real institutionalization on the quality and efficiency of the economic policy. It points out at a primary significance of institutionalization on economic policy as well as on a destructive effect of pseudo-institutes on economic policy and valorisation of economic resources. Departs from the hypotheses that the creation efficient anti-crisis economic policy requires a correct and timely identification of the problems and crisis process, formulating their monitoring, defining the necessary measures and creating a development approach, which should be based on innovative-institutional modeling.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:mje:mjejnl:v:5:y:2009:i:10:p:47-52

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