engleski

(In)visible Factors in Implementing Economic Reforms – Some Theoretical Considerations

Economic growth resulted in an increasing number of externalities and changes in life and technology creating new social problems to be solved. While increased stock of knowledge made radical changes in production technologies and offered a foundation for the world of plenty, on the other side the institutional framework needed to deal with increasingly complex issues societies were facing. The overview of different theoretical insights, mostly from institutional economics, will be presented in this paper. This paper contributes to the discussion on the facilitation of the process of managing economic reforms through a better understanding of hidden factors that influence economic outcomes.

Belief system, Economic reforms, Instutional change, Public policy, Trust

ProQuest, EconBIZ, WoS (CPCI-SSH), AEA (EconLit)