The main objective of the present approach is, first of all, to analyse the "transaction costs" concept and then to prove scientifically the relation transaction costs – institutions.

The paper mainly aims at defining strategic industries, establishing selection criteria and pointing out opportunities for the implementation of policies specific to market economies for promoting these industries.

Romania crosses one of the most important periods of its modern history. On one hand it signed, provisionally, all the negotiation chapters with the European Union, chapters that must be strictly observed, and on the other hand Romania must keep its domestic market out of the negative effects...