Abstract

The author analyzes the structure of the institutional current in economic theory. The reasons for economic backwardness on the world level and, in particular, in our country are discussed. The goal of ra bo is you. The socio-economic theory is based on the mechanism of preventing backwardness in underdeveloped countries. A method or methodology about conducting work. The analysis of the institutional current in economic theory is carried out, as well as the reasons for the economic situation at the world level and, in particular, in our country are analyzed. The result is you. The indicators of the level of economic development demonstrate the development or growth of the country. The institutional theory of flax explains their underlying causes. The basis of the institutional theory is the explanation of the structure and function of organizations by its occurrence with elements of the external environment. Institutional theory studies socio-economic processes in their historical development, political, legal and social context. Institutionalists tend to analyze not only purely economic, but also social forces that drive the process of development. The scope of the results. The results of the conducted research can be used in the analysis of the socio-economic changes that form the socio-economic environment of the country's market economy. Conclusions. It is concluded that if there are no reasons for the underdeveloped economy, it is necessary to implement social, legal, and political changes in the context.

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