Yerznkyan B.A. Ownership Institution Development under Globalization.

    The article is devoted to the problem of ownership institution development in a world characterized by a tendency to eliminating the difference in economic institutions: less developed countries incline to importing (transplanting) institutions from more developed ones.  The ownership institution and globalization are considered on three levels - institutional, transactional and economic. Problems of enterprises and governments relevant to ownership institution are analyzed. Globalization is interpreted as contractual process between countries - importers and exporters of institutions. The approach proposed allows on a simple contractual scheme to show and discuss the different variants of ownership institution development in Russia.


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