The uneven results of institutional changes in Central and Eastern Europe: The role of culture
It has been widely observed that the same formal rules, enacted in the parliaments in the form of written laws, give vastly different results in different social and cultural environments. This phenomenon came to be particularly pronounced in the process of transition of the formerly communist count...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, Belgrade
2004-01-01
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| Series: | Ekonomski Anali |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/0013-3264/2004/0013-32640463007P.pdf |
| _version_ | 1811245059915382784 |
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| author | Pejović Svetozar |
| author_facet | Pejović Svetozar |
| author_sort | Pejović Svetozar |
| collection | DOAJ |
| description | It has been widely observed that the same formal rules, enacted in the parliaments in the form of written laws, give vastly different results in different social and cultural environments. This phenomenon came to be particularly pronounced in the process of transition of the formerly communist countries to market economies and politically pluralized societies. Highly similar and occasionally identical institutional changes turned out to be unequally accepted by the societies under consideration and produced widely different results in the material restructuring of the economies. It became clear that the notion of institutions had to be widened so as to encompass the informal rules: the customs, the traditions, cultural values and national myths. Informal rules define the constraints for implementing the formal ones and, on the other hand, determine the actual effects of the latter once they are implemented. Forcing the formal rules upon the transition societies cannot be successful unless preceding and/or contemporaneous changes of informal rules are provided for. The paper ends with a design of the strategy for the decisively important changes in values and other components of informal rules. |
| first_indexed | 2024-04-12T14:34:37Z |
| format | Article |
| id | doaj.art-bac907a025134641ad429dafe19005b9 |
| institution | Directory Open Access Journal |
| issn | 0013-3264 |
| language | English |
| last_indexed | 2024-04-12T14:34:37Z |
| publishDate | 2004-01-01 |
| publisher | Faculty of Economics, Belgrade |
| record_format | Article |
| series | Ekonomski Anali |
| spelling | doaj.art-bac907a025134641ad429dafe19005b92022-12-22T03:29:08ZengFaculty of Economics, BelgradeEkonomski Anali0013-32642004-01-014916373010.2298/EKA0463007PThe uneven results of institutional changes in Central and Eastern Europe: The role of culturePejović SvetozarIt has been widely observed that the same formal rules, enacted in the parliaments in the form of written laws, give vastly different results in different social and cultural environments. This phenomenon came to be particularly pronounced in the process of transition of the formerly communist countries to market economies and politically pluralized societies. Highly similar and occasionally identical institutional changes turned out to be unequally accepted by the societies under consideration and produced widely different results in the material restructuring of the economies. It became clear that the notion of institutions had to be widened so as to encompass the informal rules: the customs, the traditions, cultural values and national myths. Informal rules define the constraints for implementing the formal ones and, on the other hand, determine the actual effects of the latter once they are implemented. Forcing the formal rules upon the transition societies cannot be successful unless preceding and/or contemporaneous changes of informal rules are provided for. The paper ends with a design of the strategy for the decisively important changes in values and other components of informal rules.http://www.doiserbia.nb.rs/img/doi/0013-3264/2004/0013-32640463007P.pdfinstitutionsculturetraditiontransitionmarketentrepreneurship |
| spellingShingle | Pejović Svetozar The uneven results of institutional changes in Central and Eastern Europe: The role of culture Ekonomski Anali institutions culture tradition transition market entrepreneurship |
| title | The uneven results of institutional changes in Central and Eastern Europe: The role of culture |
| title_full | The uneven results of institutional changes in Central and Eastern Europe: The role of culture |
| title_fullStr | The uneven results of institutional changes in Central and Eastern Europe: The role of culture |
| title_full_unstemmed | The uneven results of institutional changes in Central and Eastern Europe: The role of culture |
| title_short | The uneven results of institutional changes in Central and Eastern Europe: The role of culture |
| title_sort | uneven results of institutional changes in central and eastern europe the role of culture |
| topic | institutions culture tradition transition market entrepreneurship |
| url | http://www.doiserbia.nb.rs/img/doi/0013-3264/2004/0013-32640463007P.pdf |
| work_keys_str_mv | AT pejovicsvetozar theunevenresultsofinstitutionalchangesincentralandeasterneuropetheroleofculture AT pejovicsvetozar unevenresultsofinstitutionalchangesincentralandeasterneuropetheroleofculture |