Social Institutions and Economic Growth.

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Дата

2017

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Видавець

Університет імені Альфреда Нобеля

Анотація

The article highlights the issue of influence of social institutions on economic growth and development. The author investigated evolution of the concept of a social institution, considered elements and functions of social institutions. The analysis has revealed the channels of possible influences of social institutions on economic growth and development.

Опис

The transition of Ukraine to innovation and investment path of development calls for new approaches to defining development priorities and requires modernization of sustainable development and sustainable competitiveness practices. The pace of development of transition economies is determined, first of all, by the state of their social institutions. At present, there is considerable interest in studying the process of institutionalization among a number of foreign and domestic researchers. One of the defining features of institutionalism is the study of economic phenomena and processes in close connection with social, legal, political and other developments. For a long time, social institutions and economic development were considered without a proper interrelation. The relevance of this study lies in the fact that the type of economy of any society is determined by the nature of social institutions, mainly by the nature of basic economic institutions. Economic foundations are decisive here since they determine the ways of interaction of economic entities with a specific material and technological environment, which would ultimately determine socio-economic results.

Ключові слова

social institutions, economic growth, market, property, competition, entrepreneurship

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