Skip to main content

Philosophy of Overcoming “Institutional Traps” and “Black Holes” Within the Global Crisis Management

  • Conference paper
  • First Online:

Part of the book series: Contributions to Economics ((CE))

Abstract

The purpose of the article is to prepare the philosophical basis of overcoming the “institutional traps” and “black holes” within the global crisis management. The methodology of the work is based on the use of general scientific methods of the research: analysis and synthesis, induction, and deduction. The authors specify the categorical apparatus of overcoming “institutional traps” and “black holes” within the global crisis management, provide philosophical substantiation of value and significance of “institutional traps” and “black holes” within the global crisis management, and prepare the methodological basis for further scientific creativity in the sphere of overcoming the “institutional traps” and “black holes” within the global crisis management. As a result of the research, the authors come to the conclusion that “institutional traps” and “black holes” are complex dynamic economic phenomena and processes that are not easily measured but need to be scientifically explained and studied due to their negative influence on modern economic systems. The philosophical basis of overcoming the “institutional traps” and “black holes” within the global crisis management is to be a foundation for further breakthrough scientific and practical research in this sphere.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  • Alekseeva LV, Nikonova TV, Yusupova LM (2014) Institutional traps of human capital consumption: public goods production problems. Mediterr J Soc Sci 5(24):131–136

    Google Scholar 

  • Andreeva O, Shevchik E (2016) Organizational and financial mechanism of new Russian industrial policy: systemic approach. J Appl Econ Sci 11(3):351–363

    Google Scholar 

  • Azaryan OM, Voziyanova NY (2016) Problem of institutional traps in regulation of domestic trade development in Ukraine. Actual Probl Econ 15(7):8–13

    Google Scholar 

  • Bagautdinova N, Sarkin A, Khadiullina G, Averyanov B (2014a) Industrial paternalism as institutional trap (QWERTY- effects). Mediterr J Soc Sci 5(18, SPEC. ISSUE):49–54

    Google Scholar 

  • Bagautdinova N, Sarkin A, Khadiullina G, Averyanov B, Arzhantseva N (2014b) Development of paternalistic strategy of industrial growth with regard to institutional traps (Qwerty-effects). Mediterr J Soc Sci 5(12):49–53

    Google Scholar 

  • Evans O (2016) The effectiveness of monetary policy in Africa: modeling the impact of financial inclusion. Iran Econ Rev 20(3):323–337

    Google Scholar 

  • Fenger M, Quaglia L (2016) The global financial crisis in comparative perspective: have policy makers “learnt their lessons”? J Comp Policy Anal Res Pract 18(5):502–517

    Article  Google Scholar 

  • Gareev T (2013) The special economic zone in the Kaliningrad region: development tool or institutional trap? Baltic J Econ 13(2):113–130

    Article  Google Scholar 

  • Islamutdinov VF (2016) Institutions of stimulating the innovative behavior of economic agents in Khanty-Mansiysk autonomous okrug-yugra: evolution, specificity and institutional traps. Int J Econ Financ Issues 6(2):88–94

    Google Scholar 

  • Ma Y, Zhang J (2016) Financial cycle, business cycle and monetary policy: evidence from four major economies. Int J Financ Econ 24(4):502–527

    Article  Google Scholar 

  • Nisticò S (2016) Optimal monetary policy and financial stability in a non-ricardian economy. J Eur Econ Assoc 14(5):1225–1252

    Article  Google Scholar 

  • Popkova EG (2013) Marketing strategy to overcome the “underdevelopment Whirlpool” of the Volgograd region. In: 11th EBES conference. Ekaterinburg (Ekaterinburg, Russia, September 12–14, 2013). Proceedings, The Institute of Economics of Ural Branch of Russian Academy of Sciences, Istanbul, Turkey, pp 52–61

    Google Scholar 

  • Popkova EG, Akopova ES, Alekhina ES, Dubova YI, Popova JN, Avdeeva IA, Proskurina IY (2013a) Methodology of development of strategy of development of economic systems. World Appl Sci J 26(4):489–493

    Google Scholar 

  • Popkova EG, Akopova ES, Budanova IM, Natsubidze AS (2013b) The directions of transition of economic systems to new quality of economic growth. World Appl Sci J 26(9):1180–1184

    Google Scholar 

  • Raja P (2014) Social capital and sustainable development in the framework of new institutional economics. Pertanika J Soc Sci Humanit 22:97–110

    Google Scholar 

  • Richter R (2016) Whither ‘new institutional economics’? Eur Bus Organ Law Rev 17(4):541–554

    Article  Google Scholar 

  • Von Staden P, Bruce K (2015) Original and new institutional economics: brethren rather than foes? Lessons from the sociocognitive turn in “late” Douglass north. J Econ Issues 49(1):111–125

    Article  Google Scholar 

  • Williamson OE (2000) The new institutional economics: taking stock, looking ahead. J Econ Lit 38(3):595–613

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Elena G. Popkova .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2017 Springer International Publishing AG

About this paper

Cite this paper

Popkova, E.G., Lysak, I.V., Titarenko, I.N., Golikov, V., Mordvintsev, I.A. (2017). Philosophy of Overcoming “Institutional Traps” and “Black Holes” Within the Global Crisis Management. In: Popkova, E. (eds) Overcoming Uncertainty of Institutional Environment as a Tool of Global Crisis Management. Contributions to Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-60696-5_41

Download citation

Publish with us

Policies and ethics