Structural Transformations of the Transitional Economy Under Institutional Uncertainty

The conceptual foundations of transitive economy structural transformations under institutional uncertainty are investigated in the article in a political economy context. A profound structural collision of the transitive economy of that kind appears as a contradiction between economic coordination market mechanism that is in the process of elaboration and dominating mechanism of oligarchic organized regulation in terms of institutional uncertainty and inefficiency of the state. The structural transformations of economic systems are the internal process of their general evolution. The capacity of the system towards the transformation is a precondition of its viability and competitiveness. The theory of structural transformation subject could not be limited only to economic transition from central-planning to market economy. Modern national economies are still in the process of permanent structural transformations, adapting to the dynamic economic environment. Thus, the analysis of the structural and institutional changes is the main course for the elaboration of economic evolution and transformation general theory. The most important feature of the transformation process is a mixture of economic policy and spontaneous adaptation mechanisms.