This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Faculty of Management, Adriatic University , Herceg Novi , Montenegro
Faculty of Management, Adriatic University , Herceg Novi , Montenegro
It has been proven that competitiveness of industry significantly depends on the level of development and efficiency of institutions. Topic of research in this paper is impact of social, and within it economic institutions to the competitive capacity of industry. The aim of the research is proving impact of institutional development to the competitiveness of industry, economic growth and sustainable economic development by the use of comparative analysis. In addition to this, institutional capacity vitally impact efficiency of management of intellectual property and intellectual capital, level of national innovation capacity directly depends on. In nowadays economy of knowledge and global market, intangible assets of a company (and industry), or intellectual property (as narrower part of the intellectual equity) represents the factor that makes it successful. Instead of neoliberal, passive and dysfunctional macroeconomic policy in the SEE countries, there is a need for its reorientation to the institutionally active, engaged, equal, propulsive and efficient economic policy with civilization and developmental sign.
The statements, opinions and data contained in the journal are solely those of the individual authors and contributors and not of the publisher and the editor(s). We stay neutral with regard to jurisdictional claims in published maps and institutional affiliations.
