Vol.3, No 1, 2006 pp. 87 - 94
UDC 330.341.4
DEVELOPMENT OF MARKET ECONOMY
IS AN EVOLUTIONARY PROCESS
Zoran Stefanović, Igor Mladenović
Faculty of Economics, University of Niš, 18000 Niš, Serbia

The main objective of the post socialist countries is to develop a functioning market economy, which is to be achieved by establishing a complex set of market norms of behaviour. There have been various successes among transition countries in adopting this strategy. Newly introduced rules of behaviour induce the transformation of inherited institutional structure of these countries. It is indicated in the paper that the transformation of existing institutional matrices is a gradual, evolutionary process, especially in less successful transition countries. The rapidity of the institutional transition is the main determinant of the effectiveness of market-oriented reforms.
Key Words: Transition, neoclassical economics, institutions, path dependency.

RAZVOJ TRŽIŠNE PRIVREDE JE EVOLUTIVNI PROCES
Osnovni cilj postsocijalističkih zemalja je razvoj funkcionirajuće tržišne ekonomije, što bi trebalo da se postigne uspostavljanjem složenog sistema normi tržišnog ponašanja. Zemlje u tranziciji imale su različitog uspeha u sprovodjenju ove strategije. Novouspostavljene norme ponašanja izazivaju transformaciju nasledjene institucionalne strukture ovih zemalja. U radu se ukazuje da transformacija postojeće institucionalne matrice predstavlja postepeni, evolutivni proces, naročito u manje uspešnim zemljama u tranziciji. Brzina institucionalne tranzicije glavna je determinanta efikasnosti tranzicije.
Ključne reči: tranzicija, neoklasična ekonomija, institucije, zavisnost od putanje.