Ecology and economy are increasingly intertwined in the local, regional, national and global level. The paper explains an institutional essence of the conflict that has long existed between the economy and ecology in the context of the need for much better protection of the environment. In the economic literature it is interpreted as a fundamental ...

By Milica Delibašić

Institutional economic analysis and varied model concept of corporate governance have experienced a research boom for two decades in parallel. Causal links between such 'elixir s' of development are evident, but in theory not sufficiently explored, especially in their complementary interdependence and causality. In all future development models, th...

By Jelena Stjepčević, Milica Delibašić

In civilization, historical, cultural and geographical sense, Montenegro is an integral part of Europe, but not in economical (primarily in the field of competitiveness and backwardness of most economic indicators), infrastructural and institutional sense. 25-years of transition reforms have not given the expected results or propagated economic per...

By Veselin Drašković, Milica Delibašić