Formation of the State Integration Regulatory Policy of the National Economy

Abstract

The methodical basis of formation of the State regulatory integration economic policy on the basis of research of experience of integration processes in EU is considered. A retrospective analysis of the stages of integration of economies into a single European economy space showed that there was a long-term process involving gradual integration from microeconomic to macroeconomic levels, covering various areas and sectors of the national economy. Moreover, the transformations in the institutional, financial, monetary, and budgetary spheres are still ongoing, that is, there is a transition of integration processes from soft forms to harder ones. Harmonization and equalization of national economies with different potentials and specializations is not uniform, which requires significant subsidies from recipient countries and reduces the overall competitiveness of the association at the international level. The integration of Ukraine’s national economy into the single European economic space requires significant investment not only to restructure institutional, financial, budgetary and other State-based regulatory systems, but also to reorganize the activities of economic agents whose financial and investment opportunities are limited. To ensure the stability and competitiveness of economic agents of different economic levels, it is proposed to introduce such an instrument of the State regulatory policy as the creation of spatial hubs of interaction. The introduction of such instrumentarium allows to create key nodes (centers) of synchronization of institutional norms, financial and currency conditions of interaction of economic agents, which allows their gradual adaptation and investment in the development of priority sectors and areas of the national economy.

Keywords

• the state regulatory economic policy
• national economy
• international economic space