Institutional Basis for Innovative Development of Belarusian Economy

This chapter deals with institutional enforcement of innovative development of Belarusian economy. It describes the theoretical basis for the modern institutionalism formation: traditional institutionalism, neoinstitutionalism, and new institutional economics. Specifics of Belarusian economy are also determined in the chapter. Examples of institutions typology are listed. This chapter emphasizes the absence of common understanding of the paradigm of the institutional development of the Belarusian economy in terms of innovation among the members of scientific community. Problems of institutionalism development are stated. A classification of Belarusian institutions is suggested from the perspective of innovation orientation of economy development. Position of institutional marketing as a market mechanism for efficient operation of institutions is stated.