IMPACT OF ECONOMIC INSTITUTIALIZATION TO THE COMPETITIVENESS OF INDUSTRIES IN THE SEE COUNTRIES

Abstract

It has been proven that competitiveness of industry significantly depends on the level of development and efficiency of institutions. Topic of research in this paper is impact of social, and within it economic institutions to the competitive capacity of industry. The aim of the research is proving impact of institutional development to the competitiveness of industry, economic growth and sustainable economic development by the use of comparative analysis. In addition to this, institutional capacity vitally impact efficiency of management of intellectual property and intellectual capital, level of national innovation capacity directly depends on. In nowadays economy of knowledge and global market, intangible assets of a company (and industry), or intellectual property (as narrower part of the intellectual equity) represents the factor that makes it successful. Instead of neoliberal, passive and dysfunctional macroeconomic policy in the SEE countries, there is a need for its reorientation to the institutionally active, engaged, equal, propulsive and efficient economic policy with civilization and developmental sign.