The reconstruction of the institutional system during the process of transition to the market economy

In the socio-economic system, the institutions represent a real structural frame on which the entire economic edifice is standing, inclusively the mechanism of functioning of the economy. The economic processes cannot take place in a normal way without an institutional system made up of a complex network of rules and organizations. Because the transition to the market economy also implies the edification of a new institutional system based on new principles and realities, one also imposes a theoretical and practical analysis of the institutions, of their transformation and adaptation to the new circumstances in order to make the normal economic life possible.