Савремени концепт управљања институционалном димензијом одрживог развоја
Modern Managing Concept Of Institutional Dimension Of Sustainable Development

Summary/Abstract: Sustainable development is a developmental concept that takes into account the economic, the environmental, and the social dimension of development. The modern approach to the concept of sustainable development implies acknowledgement of new dimensions or pillars of development. The subject ofthis paper is the institutional dimension as the fourth dimension of sustainable development. The path to sustainable development requires interconnectedness, harmonization, and coordination of different dimensions of development. Institutionally, new principles or concepts are necessary to improve the functioning of the various institutions and actors involved in the process of achieving the goals of sustainable development. The aim of this paper is to indicate that economic, ecological, and social development based on sustainability requires institutional support as a complementary and necessary dimension.

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