Galina TsvetkovaPublished in:
Russian Journal of Entrepreneurship
– № 9-1 / September, 2011



Keywords: economic mentality, formal and non-formalized institutions, market institutions, models of interaction between institutions, path dependence


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Abstract:

The article shows the path-dependence of non-formalized institutions in developing countries by the example of economic mentality. It presents models for the interaction of formal and non-formalized institutions. Effectiveness of different models is demonstrated by the example of developed and developing countries.

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