’The basic requirement of competitiveness is the reinforcement of cooperation, whereas corruption is a general contractual failure’ argues Károly Mike, senior research fellow of HETFA, in his interview given to the Financial Review Online [Pénzügyi Szemle Online].

Based on the theory of institutional economics, our research fellow suggests, first, to conduct a mapping on the functioning of the state and market economic rules and processes. Any steps aiming at the improvement of the related institutions can only take place afterwards.

The interview is available in Hungarian