Zawodność instytucjonalna państwa w zakresie stwarzania warunków do rozwoju przedsiębiorczości w krajach europy Środkowo-Wschodniej
The Institutional Conditions of Entrepreneurship Development in Central European Countries

Summary/Abstract: Entrepreneurship is a key element influencing the development of a country. Some experiences of the last century and some theoretical works of new institutional economics show that an institutional system is the main determinant of entrepreneurship activity. The ineffective institutional order that usually goes with low effectiveness of governance results in high level of insecurity in business processes. All market actors are forced to deal with a burden of additional transaction costs in that case. It has an unfavorable influence on the effectiveness of all businesses which must have significant influence on the level of entrepreneurship in an economy. The article aims at assessing the condition and functioning of chosen elements of the institutional system in Central and Eastern European countries in the field of creating the background for entrepreneurship. The article especially concentrates on comparative analysis of Poland with other countries of Central Europe and three highly developed countries USA, Germany and Japan treated as a benchmark.

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