IKBFU's Vestnik

2021 Issue №1

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Agents approach to the state economic policies in the condition of fundamental uncertainty

Pages
31-40

Abstract

The article analyses approaches to understanding the term "economic policies". The author proceeds from the fact that the state acts as a specific economic agent and, being the economic agent, on the one hand has the right to establish formal institutions of the national economics, and on the other hand, it itself is one of the elements of this sector of the global socio-economics system. The article proposes the author’s definition of the economic policies regimes, which is understood as a set of rules, measures, norms to achieve the macro-goal of the country's growth through the development of its economic system. With this approach, it becomes possible to adjust the economic policies by changing their regimes if, for a predetermined period of time, the target in­dicators are not achieved for any reason. The author proposes to divide the ex­ternal environment in which the state acts as an economic agent into two spaces. The first is that part of the world economic area, which stays under the authority of a particular state as an economic agent. The second space is a part of the global economic area where this state does not have the authority to di­rectly establish formal institutions. The criterion of correlation of the state economic policy with the macro-development goals of the country is proposed to serve to measure the quality of economic policies.

Reference

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