Mario Pečarić, Nikša Nikolić, Maja Fredotović
Abstract
The paper refers to the meaning and characteristics of institutional change as both driving force and development criterion of CEEC. In fact, efficient institutional change (institutional set-up) is considered as a crucial prerequisite for a successful economic development of these countries.
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The paper refers to the meaning and characteristics of institutional change as both driving force and development criterion of CEEC. In fact, efficient institutional change (institutional set-up) is considered as a crucial prerequisite for a successful economic development of these countries.
Key concepts: Institutional change, Meaning (existential), Economics, Set (abstract data type), Economic system, Political science, Computer science, Epistemology