Institutional change and inter-institutional cooperation – challenge and opportunity for economic growth and innovation

Abstract

The knowledge-based economy/society challenges and changes organisations, institutions and job contents generated by new requirements and the increasingly complex and dynamic environment in which they are compelled to act. Institutions and organisations, public or private, need to adjust rapidly and changes in their own action sphere and in environments surrounding them for ensuring sustainability, surviving and competitiveness. Assessment tools and analytical indicators should be developed as institutional analysis will become increasingly relevant for economy and society. Innovation turns into one of the key-concepts also for institutions and institutional change in increasing efficiency and effectiveness.

Keywords

• institutional change, inter-institutional cooperation, economic development, social cohesion, innovation