­The literature devoted to economic development concerns itself in a growing de­gree with the role and importance of institutions­­­

Successful economic development is a process of successive upgrading. As nations develop, they progress in terms of their characteristic competitive advantage and modes of competing.

Investment companies are exploring the best opportunities on financial markets for financial instruments transactions in order to optimize the portfolio structure and to diversify the risk. Trading the financial derivatives is assumed to be one of the most efficient methods to increase the...