Paper Title
THE INFLUENCE OF INFORMAL INSTITUTIONS ON THE VECTOR OF SOCIO-ECONOMIC DEVELOPMENT: THE EXPERIENCE OF POLAND AND BELARUS

Abstract
Abstract - The article explores the influence of informal institutions on the choice of the socio-economic development vector. The significance of informal institutions in the context of institutional transformation is provided. The difference in informal institutions between Poland and Belarus is also analyzed. Using the example of these two countries, the key importance of informal institutions in reforming the economy is demonstrated. Keywords - Informal Institutions, Institutional Transformation, Historical Development Vector, Poland, Belarus.