The Institutional Component of the Efficient Economic Policy of the State

• Main Author: Mykytas Viktoriia V
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2016-01-01
• Series: Bìznes Inform
• Subjects: economic policy; institutional environment; basic institution; efficient system of institutions
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2016-1_0-pages-14_18.pdf

The article substantiates the necessity of institutional accompanying the economic policy of the State, establishing an efficient system of institutions. Challenges of the contemporary globalization require changes in the State influence on economy, redefining quality parameters and principles of an efficient economic policy. Complexity of the State policy in a global environment is determined not only by importance of the tasks of establishing an efficient market against the background of increasing influences of exogenous uncertainty, but also by seeking ways of entering the global space, thus implementing the best interests of national economic development. The article deduces parameters of the concept of «efficient institution». The author believes that institutions precisely should act as the link through which social and economic development would become unseparated in order to form a stable efficient socio-economic development