Constitutional regulation of economic policy in the countries of the Commonwealth of Independent States (CIS)

Abstract

Introduction. Economic policy is one of the most important components of foreign and domestic policy. The constitutional foundations of the country’s economy create the legal basis for the organization of economic activity. Theoretical analysis. Economic policy is defined as the legitimate activities of state bodies aimed at achieving the welfare of the state and society and establishing stable economic growth, carried out in accordance with the constitutional principles of the economic system. Empirical analysis. Constitutional regulation of economic policy is implemented by consolidating the foundations, principles of economic activity and the system of government bodies with the establishment of their constitutional status, goals, a clear division of powers and methods of interaction between each other in the formation and implementation of economic policy. The article presents their analysis and examines the practice of constitutional reform in order to improve the effectiveness of economic policy. Results. The problems of constitutional regulation of the economic policy of the CIS countries are formulated and proposals for their solution are expressed.

Keywords

• economic fundamentals
• principles
• economic policy
• cis
• state council
• all-belarusian people's assembly