Transformations  in
Business & Economics

QUASI-NEOLIBERALISM AS QUASI INSTITUTIONAL MONISMS AND CAUSES OF THE CRISIS IN SOUTH-EASTERN EUROPE
Mimo Draskovic, Veselin Draskovic, Yuriy Bilan, Milica Delibasic

ABSTRACT. The paper explores phenomenology of the transition crisis in the Southeastern Europe (SEE) is analyzed on theoretical and rhetorical level (model-neoliberalism) and the level of its practical manifestations (quasi-neoliberalism). Quasi-neoliberalism as a serious social challenge, and the response to that challenge. This paper discusses the function, importance and necessity of applying institutional pluralism, that represents exemplary and civilization model of sustainable economic development. It criticizes all forms of qusi-institutional monism. Their disastrous consequences are pointed. Its hypothesis is that the basic cause of the quasi-neoliberal strain generated through opportunistic behavior, dominant impact of alternative institutions, as well as abusing of the public institutions regulation. The conclusion verifies the starting hypothesis and suggests the imperative need for applying institutional pluralism as civilization indicators of economic and social development.

KEYWORDS: institutions, opportunistic behavior, alternative intitutions, quasi-neoliberalism, institutional monism.

JEL classification: O17; P37.