Institutional Problems of the Development in Baykal Region

The paper analyses institutional conditions of the development of the Baikal region which can be seen in the Socio-Economic Development for the Far East and Baikal region and other documents. We can identify three types of institutions which impact on regional development such as organizing, distributive and transformational ones. We show that the quality of the Baikal region transformational institutions reduces the effectiveness of the governmental programs aimed at the development and enhancement of competitiveness of this region in open markets.