Acta Universitatis Danubius. Œconomica, Vol 5, No 1 (2009)

Abstract

We shall open this paper with reference to the book “Understanding the Process of Economic Change” by D.C. North being considered of reference in the issues which are subject to research („there are some fundamental characteristics of successful economic development which are common for all the economies but at the same time there is no universal pattern to reach these results”-North). How can poorness be explained in most of the states of the world where the sources for economic growth are known? The human failure and the institutional framework have a special contribution in finding solutions in order to obtain economic growth and implicitly the growth of economic development. The article makes references to the institutional framework and its importance for the economic development of a country, to the educational organizations and to their contribution to the economic development. Viewed from a reactive factor of development, the education has become proactive. This is because the perspective of education has been accentuating more and more, called in to prepare the people for types of societies which have not existed yet. The gap within the field of education has a fundamental character in maintaining and emphasizing the gaps between the social – economic development of different countries.