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National Security
Reference:
Ispravnikova, N.R.
Effi cient direction of development of the reform: institutional abilities and corruption
limitations.
// National Security.
2011. № 2.
URL: https://en.nbpublish.com/library_read_article.php?id=58156
Ispravnikova, N.R. Effi cient direction of development of the reform: institutional abilities and corruption
limitations.
Abstract:
“Institutional” modernization is aimed at the institutional reforms, which are aimed to improve the quality of
institutions, to suppress the corruption, to avoid administrative barriers, to improve the human capital, etc. The
developed institutions allow to form positive conditions for economic growth and limit the ability of the politicians
to extract corruption rent, requiring them to improve the institutions further. However, improvement of
institutions and creation of new institutions is not always possible. For example, such a situation may take place
if the system, which has insuffi ciently developed political culture, gets into the institutional trap. In such a trap,
the reform turns to the ineffi cient direction, and its further development depends on how fast shall it fi nd the way
out of the institutional trap.
Keywords:
economics, modernization, reforms, corruption, conflict, institution, rent, trap, development, capital.
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