Transformations  in
Business & Economics

THE PHENOMENON OF ALTERNATIVE INSTITUTIONS IN THE COUNTRIES OF SOUTHEAST EUROPE
Veselin Draskovic, Mimo Draskovic, Dinara G. Vasbieva, Nebojsa Jovovic

ABSTRACT. The subject of the paper is to explain the negative role of alternative institutions in the countries of Southeast Europe (SEE), from the aspect of clear and large differences between institutionalized and individualized state. The aim of the paper is to criticize institutional monistic commitment of neoliberals for pure individualism, which ignores the notorious fact that it denies mass individualism, and thus mass freedoms. The starting point is the hypothesis that economic and other forms of coercion can arise not only from the state, but also from individual (decentralized) sources. The application of descriptive, comparative, and abstraction methods enabled the analysis and explanation of the phenomenon of alternative institutions, which appear as the main restriction of freedoms and socio-economic development of SEE countries. It is concluded that exiting the long-term crisis in the SEE countries requires turning freedom for the rare into freedom for all. Also, it is necessary to eliminate the activities of alternative institutions, which serve the nomenclature interests and non-market appropriation of state resources .

KEYWORDS:  alternative institutions, neoliberalism, countries of Southeast Europe.

JEL classification:  B52, D02, E26, O17.