STATE REGULATION OF ECONOMY: CURRENT REALITY AND OUTLOOK INTO THE FUTURE

Abstract

The article deals with the issue of economy state regulation in conditions of dynamic development, it investigates its current situation and discusses objectives of introducing new approaches, tools and mechanisms. The topic is researched through identifying 12 important postulates, within the frames of which one direction of the state activity is being formulated. The author shows the reasons and factors influencing each direction of state regulation and the system in general, which causes the need to develop it in the global system of economic relations. The steps aimed at implementing state programs, promising plans in the field of attaining sustainable growth of economy are described. Adequate arguments, statistics, author’s opinion dealing with mechanism of their realization and possible effect are provided. The author compares different tools which could support measures of state regulation of economy on the background of internal contradictions, global trends of development and their impact on social and economic and finance policy. The article considers acute issues of the current and strategic nature and substantiates the need to improve the quality of strategic decisions and their compliance with unique targets of society development.

Keywords

• state regulation
• sustainable economic growth
• digital economy
• property
• entrepreneurship
• privatization
• social sphere
• migration
• investment
• budget
• taxes
• authority distribution
• globalization