Preview

Economics of Contemporary Russia

Advanced search

Institutional Traps for the Development of a Corporation's Creative Potential

https://doi.org/10.33293/1609-1442-2021-3(94)-87-96

Abstract

The process of free formation and development of the creative potential of corporations in the context of the expansion of the digital economy is associated with the emergence of specific obstacles, which in economic theory are called development traps. Verifying this position, the article analyzes the institutional pitfalls of the development of creative potential caused by modern transformations. The concept of the institutional trap, first formulated in the works of P. David and D. North, and further developed in the works of A. Auzan, E. Balatsky, G. Kleiner, V. Polterovich seems to have been known and developed for a long time, but this is the trap of the trap itself. Despite all the banality and familiarity of the category of institutional trap in the Russian economy associated with the establishment of an inefficient norm, in recent years it has again attracted the attention of participants in various areas of scientific research, since it has significant hidden opportunities in the study of the formation and development of the creative potential of the corporation in the era of modern transformations. The creative potential, represented as a powerful creative force, endowed with special intellectual capital and competencies, is actively involved in accelerating transformations, the results of which are not always predictable, expected, accompanied by certain obligations and very unpredictable inertial results. Effective implementation of the creative potential of the corporation and its intellectual core involves expanding the opportunities for free generation of the creative potential of the corporation and overcoming specific obstacles to this formation associated with the processes of large-scale economic transformations, network development, corporate standardization and nationalization. We present the creative potential of the corporation as a kind of intellectual core, consisting of professional intellectuals who are able to generate new business development ideas and offer capital combinations of resources that do not fit into the standards, claiming to be the main ones. Through the prism of the pitfalls of developing the creative potential of the corporation, the author examines the main problems and contradictions of the transformations taking place in the Russian economy at the present stage. The research was conducted using the resources of the system economy, creative economy, knowledge economy, institutional economy, dialectics method, comparative analysis method, and empirical method.

About the Author

Olga V. Brizhak
Financial University under the Government of the Russian Federation, Moscow; State University of Management, Moscow
Russian Federation


References

1. Balatsky E. (2020). “The Institutional trap”: a scientific term and a beautiful metaphor. Journal of Institutional Research, vol. 12, no. 3, pp. 24–41 (in Russian).

2. Balatskiy E. (2001). The theory of institutional traps and legal pluralism. Society and Economics, no. 10, p. 88 (in Russian).

3. Balatsky E. V., Ekimova N. A. (2020). Factors of technological modernization in Russia and typical mistakes of institutional reforms. Journal of Economic Regulation, vol. 11, no. 4, pp. 6–21 (in Russian).

4. Brizhak O. V. (2017). The corporate capital development trap. Polythematic network electronic scientific journal of the Kuban State Agrarian University, no. 132, p. 1122–1131 (in Russian).

5. Brizhak O. V. (2020). Transformation of the conditions for the formation of the creative potential of a corporation in the digital economy. First international Lviv forum – ​2020. Collect. of scientific reports. Ed. G. B. Kleiner. Moscow, pp. 49–51 (in Russian).

6. Volchik V. V. (2020). Institutional traps in the sphere of education and science in the conditions of optimization. Journal of Economic Theory, vol. 16, no. 4, pp. 783–795 (in Russian).

7. Volchik V. V., Koryttsev M.A., Maslyukova E.V. (2018). Institutional traps and new managerism in the sphere of education and science. The Manager, no. 9 (6), pp. 17–29 (in Russian).

8. Global World Economy: problems and contradictions. M. L. Alpidovskaya, V. N. Bobkov, O. V. Brizhak et al. (2021). Moscow: Prospekt, 416 p. (in Russian).

9. Deryabina M. A. (2016). Network forms of market coordination as a new type of organization of socio-economic systems. Bulletin of the Institute of Economics, RAS, no. 6 (in Russian).

10. Ermolenko A. A. (2015). “Steepness” of economic policy in the absence of political economy. Questions of Political Economy, no. 3, pp. 66–67 (in Russian).

11. Castels M. (1999). The clash of the society of network structures. New postindustrial wave in the West. Anthology. Ed. by B. Inozem­tseva. Moscow: Academia, 495 p. (in Russian).

12. Kleiner G. B. (2003). Features of the formation of economic institutions in Russia. Economics and Mathematical Methods, vol. 39, no. 3, pp. 2–24 (in Russian).

13. Kleiner G. B. (2021). System economy: steps of development: monograph. Moscow: Scientific Library. 746 p. (in Russian).

14. Mendeleev D. I. (1994) Cherished Thoughts. St. Petersburg: Nauka. 57 p. (in Russian).

15. North D. (2012). Understanding the process of economic changes. Moscow: HSE Publishing House. 256 p. (in Russian).

16. Polterovich V. M. (2012). Institutional traps and economic reforms. Economics and Mathematical Methods, no. 2, p. 13–20 (in Russian).

17. Polterovich V. M. (2004). Institutional traps: is there a way out? Social Sciences and Modernity, no. 3, p. 5–6 (in Russian).

18. Ridderstrale J., Wilcox M. (2012). Corporation: Reboot. Moscow: John Wiley and Sons, Ltd. 280 (in Russian).

19. Smorodinskaya N. V. (2015). Globalized economy: from hierarchies to the network structure. M.: IE RAS (in Russian).

20. Website of the Federal State Statistics Service (Rosstat) [Electronic resource] (in Russian). URL: http://www.gks.ru (accessed: 07.04.2021)

21. Center for Strategic Developments [Electronic resource] (in Russian). URL: https://www.csr.ru/ru/

22. Brizhak O. V. (2020). Cognitive potential of using categorical constructs in economic sciences. 10th International Conference “Word, Utterance, Text: Cognitive, Pragmatic and Cultural Aspects”. Vol. 689. 012004.

23. Buzar S. (2009). The Institutional Trap in the Czech Rental Sector: Nested Circuits of Power, Space, and Inequality. Economic Geography, no. 81, pp. 381–405.

24. Castells M. (1998). The Information Age: Economy, Society and Culture. Vol. III. The End of Millennium. Oxford, Malden (Ma), ch. 2.12.

25. David P. (1985). Clio and Economics of QWERTY. American Economic Review, vol. 75, iss. 2, pp. 332–237.

26. Lebel L., Manuta J. B., Garden P. (2010). Institutional traps and vulnerability to changes in climate and flood regimes in Thailand. Regional Environmental Change, no. 11(1), pp. 45–58.

27. Nordström K.A., Ridderstråle J. (2003). Funky business: Talent makes capital dance. Stockholm: Handelshögskolan i Stockholm. 280 p.

28. North D. (1999). Institutions, Institutional Change and Economic Performance. New York, Cambridge University Press. 252 p.

29. Oswald A. J., Proto E., Sgori D. (2009). Happiness and productivity. Institute for the Study of Labor (IZA) in Bonn, Germany. December. Discussion Paper, no. 4645, 51.

30. Pletnev D., Kazadayev M., Barkhatov V. (2020). Human capital in Russian power generating corporations. E3S Web of Conferences. Key Trends in Transportation Innovation, KTTI 2019. 04028.

31. Shinkevich A.I., Kudryavtseva S.S., Chikisheva N.M., Korotun O.N., Fatikhova L.E., Gainullina R. (2017). Scientific and Technical Potential of Russia as a Factor of Economic Growth in the Knowledge Economy. International Journal of Environmental and Science Education, vol. 12, no. 1, pp. 47–56.

32. The Global Competitiveness Index (Global Competitiveness Index) for 2020. URL: https://gtcistudy.com/

33. The Global Innovation Index (2020). URL: https://www.globalinnovationindex.org/userfiles/file/reportpdf/GII‑2020/Front-and-back-covers.pdf


Review

For citations:


Brizhak O.V. Institutional Traps for the Development of a Corporation's Creative Potential. Economics of Contemporary Russia. 2021;(3):87-96. (In Russ.) https://doi.org/10.33293/1609-1442-2021-3(94)-87-96

Views: 890


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 1609-1442 (Print)
ISSN 2618-8996 (Online)