’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.