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Perspectives and Problems of Harmonizing Energy Legislation of Ukraine with the European Union Standards Retrieved from [in Ukrainian]. 17. Kolomoets, T., & Hryshchak, S. (2013). Adaptatsiia informatsiinoho zakonodavstva Ukrainy do vymoh YeS yak skladova suchasnoho vitchyznianoho pravotvorchoho protsesu [Adaptation of the information legislation in Ukraine to EU requirements as a part of modern domestic law-making process]. Donetsk: NHU [in Ukrainian]. 18. Site of the European Union. Legislation in EU [The official portal]. Retrieved from 19

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The Global Economy in the 21st Century: Will the Trends of the 20th Century Continue?

the market economy model, in which the role of the state is limited largely to law making, law enforcement and income redistribution. All these changes decreased the role of politicians in current economic management and in investment decisions, and increased the role of innovators and entrepreneurs. As a result, a growing divergence was globally replaced by a growing convergence. 3 The role of institutions in economic growth according to Acemoglu and Robinson There is a rich body of literature about the role of institutions in economic growth ( IMF 2003

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The strength and weaknesses of the varieties of capitalism approach: the case of Central and Eastern Europe

standards as well as the ways and scope of circumventing the standards, e.g., the rules of the recruitment process for managerial positions in the public sector or law-making procedures. In connection with the differences in the trajectory of the development of the region’s countries, the thesis was negatively verified that systemic changes in CEE can be considered in terms of one model of “Eastern European capitalism”, whose institutional framework would be common to all the countries in the region [ Stark 1996 ]. What has developed is a heterogeneous mosaic of

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