CONCEPTS OF DEVELOPMENT INSTITUTIONS: RETROSPECTIVE ANALYSIS

Abstract

The article deals with the retrospective analysis of concepts of development institutions in overseas and Russian research. In spite of the serious role played by development institutions in economy of states and economic unions the work of Russian development institutions can hardly be assessed as efficient. In order to find reserves of raising their efficiency it is essential not only to study the essence of development institutions but to analyze overseas approaches to designing strategies and methods of assessing their efficiency. The article describes home and foreign approaches to the essence of development institutions and to methodology of assessing their efficiency and identifies their key differences. Principle trends of the given concept were found out: further re-orientation of research dealing with the essence of development institutions towards study of their work; development of advanced methodology for estimating the efficiency of development institutions at all levels; shaping the comprehensive normative and legal base necessary to regulate the work of development institutions; investigation of interrelation between strategies of regional, national, global development institutions and strategies of regions, states and the world; study of development institutions as a whole as a unique innovation-developing system ofstate; designing new approaches to planning the work of development institutions and monitoring their results; proliferation of advanced research methods to study of development institutions.

Keywords

• banks of development
• essence of development institutions
• methods of assessing development institutions