INSTITUTIONAL MODERNIZATION VS. COMPETITIVENESS OF ECONOMIES

Abstract

The issue of modernization, including institutional one, is complicated by its interdisciplinary character, time, spatial, subjective and objective scope. The main objective of the study is to present the modernization in an evolutionary approach with reference to institutional modernization and its impact on the competitiveness of European economies, including Polish economy. Implementing the adopted goals, the method of desk research analysis was applied. The most important challenges faced by individual economies and regions at the beginning of the 21st century were pointed out, and the importance of the sequence of connections and feedback between institutional modernization - systemic and institutional transformation - and the international competitiveness of the country and region, was emphasized. Final conclusions indicate, among others, that the competitiveness of Poland and its regions (positions) requires overcoming the obstacles that include tax regulations (complexity of the system), excessive fiscalism, labor law barriers and instability of economic policy.

Keywords

• modernization
• competitiveness
• institutions
• economy