TY - JOUR
TI - Construction of the development strategy versus informal constraints
AU - Grodzicki, Maciej J.
TI - Construction of the development strategy versus informal constraints
AB - 
	In this article deals on the role played by informal constraints in socio-economic life and the nature of their impact on the effectiveness of formal institutions. The answer to this question will show the right approach to the construction of the development strategy, in particular whether and how social factors should be taken into account. The aim of the article is therefore to present the mechanisms of informal constraints in terms of socio-economic development. The observations lead to the conclusion that the assessment of the development strategy should not be limited to the analysis of its effectiveness in improving the material well-being of societies. It should also be consistent with ethical standards, i.e. meet the requirement of fairness, in particular accordingly with the understanding of the community which is supposed to be covered by the activities of the strategy. Achieving ethicality and high effectiveness of activities must, however, be based on the inclusion of informal restrictions in the processes of constructing development strategies.
VL - Volume 2
IS - Issue 1 (2016)
PY - 2016
C1 - 2450-114X
SP - 21
EP - 33
DO - 10.4467/2450114XJJM.16.002.5323
UR - https://ejournals.eu/en/journal/jagiellonian-journal-of-management/article/construction-of-the-development-strategy-versus-informal-constraints
KW - development strategy
KW - informal institutions
KW - formal institutions
KW - institutionalism
KW - socio-economic development