News

11.04.2017

Ļ4,2017

 iŽŁÍiŮÚŁ ÔŚūŚ„Žˇši‚: 284

UD— 339.97

V. R.  S I D E N K O,
Doctor of Econ. Sci.,
Corresponding Member of the NAS of Ukraine,
Sci. Consultant on economic issues of the O. Razumkov Ukrainian Centre
for Economic and Political Studies,
Principal Researcher of the Department of Economic Theory, Institute for Economics
and Forecasting of the NAS of Ukraine
(Kyiv)

© Sidenko Volodymyr Romanovych, 2017; e-mail: v_sidenko@ukr.net

DIFFICULT DILEMMAS OF RENEWING THE GLOBAL INSTITUTIONAL ARCHITECTONICS
Summary

The article shows that the global crisis of 2008-2009 and the post-crisis period of global instability caused an intensive process of changes in the architectonics of global economic regulation. The author summarizes the tendencies of the formation of new institutional forms within the framework of the world economy and proves that these changes generally lead to increased transparency and reduced volatility of economic processes and strengthening the capacity of coordinated actions of countries to solve common problems. A key characteristic of this process is the creation of prerequisites for the transition of the world economy to the rails of the model of sustainable development Ė in the organic unity of its economic, environmental and social components.
At the same time, the article reveals the contradictory nature of the process of global changes and shows that it occurs with many complications weakening the effectiveness of global regulation and efficacy of the policy of the leading international organizations. It identified the potential possibility of the onset of temporary reversal trends in global institutional evolution under influence of political and ideological factors accompanied by emergence or strengthening of economic nationalism, which may lead to a temporary decline in the globalization of the economy.
However, the decline in the intensity of globalization should be viewed not as a de-globalization, a halt to the deeply rooted process of establishing the institutions of a new global economy of the future, but as a prerequisite for a structural correction of the globalization process. This correction is focused primarily on the consistent implementation of the principle of inclusiveness. According to this principle, the process of global regulation should be carried out in the interests not only of the most developed countries, but also of all countries without exception, and create the prerequisites for accelerating the development of all national economies.
The peculiarities of the influence of global economic processes on the national economic development in the face of growing uncertainties of the current stage of the world economy development are related to the need to strengthen the diversity in approaches and the variability of the current mechanisms of economic development.
Keywords: globalization, global crisis, global institutions, global governance, international organizations, G20 (ū. 3Ė21).

References

1. Kirton John J. G20 Governance for a Globalized World. London and New York, Routledge, 2016.
2. Sidenko V.R. Globalizatsiya i Ekonomicheskoe Razvitie [Globalization and Economic Development]. Kiev, Feniks, 2008 [in Russian].
3. Strange S. Casino Capitalism. Second republication, with a new introduction by M. Watson. Manchester, Manchester University Press, 2016.
4. Rodrik D. One Economics, Many Recipes: Globalization, Institutions, and Economic Growth. Princeton and Oxford, Princeton University Press, 2007.
5.  Kolodko Grz.W. Mir v Dvizhenii [Truth, Errors, and Lies: Politics and Economics in a Volatile World]. Moscow, Magistr, 2009 [in Russian].

GOVERNING THE ECONOMY: THEORY AND PRACTICE

UD— 330.46:338.012:332.144

Yu. M.  K H A R A Z I S H V I L I,
Doctor of Econ. Sci., Senior Researcher,
Principal Researcher of the Department of Regulatory Policy Problems and Entrepreneurship Development,
Institute of the Economy of Industry of the NAS of Ukraine
(Kyiv)

©  Kharazishvili Yurii Mykhailovych, 2017; e-mail: yuri_mh@ukr.net.

LIGHT AND SHADOW OF THE ECONOMY OF UKRAINE:
RESERVES FOR GROWTH AND MODERNIZATION

Summary

The article is devoted to interpreting the indicator of the shadow economy regarding its impact on official GDP and determination of internal and external shadow contributions of the official GDP at the level of country, main types of economic activity and regions. Analysis of advantages and disadvantages of existing methods for assessing the shadow economy was carried out; it is proved that it has both negative and positive traits. Unfortunately, existing methods of estimating the shadow GDP do not provide an answer to the questions: which part of GDP is created in addition to the official GDP and which part of GDP is created by shadow economic activity? Therefore, some experts suggest interpretation of indicator of the shadow economy, according to which the de-shadowing will not allow finding the significant additional economic resources, but will only contribute to their redistribution.
A method for evaluating the shadow economic activity (the "social justice method") is considered, which (i) provides answers to the questions raised, (ii) is a universal one, (iii) by functional possibilities surpasses all existing methods. A hypothesis has been proved about inverse relationship between share of wages in output and the level of shadowing the economy, what is the basis for determining the volumes of shadow GDP, shadow employment, shadow wages and other shadow indicators.
The proposed interpretation of indicator of the shadow economy states that there are two parts of the shadow GDP (GVA, GRP): the first, which is not considered by the State Statistics Service of Ukraine and is an addition to the official GDP due to an artificial increase in intermediate consumption; the second is created by the shadow wages through the consumption multiplier and is part of the official GDP. Therefore, it is necessary to struggle not with the shadow part of the official GDP, but with its external unaccounted part.
Thus, the correct redistribution of income between labor and capital will lead to a reduction in shadow incomes and increase in the level of wages in the output, wages, domestic consumption, investment and GDP. So, the shadow economy can be very important colossal reserve for economic recovery.
Keywords: shadow economy, interpretation of contribution to GDP, de-shadowing, country, type of economic activity, regions (ūū. 22Ė45).

References

 1. Global Risks Report 2011 Sixth Edition. An initiative of the Risk Response Network. Geneva, World Economic Forum, 2011, available at: http://reports.weforum.org/wp-content/blogs.dir/1/mp/uploads/pages/files/global-risks-2011.pdf.
2. Rozenfelíd A.I. Nevidoma Ukraina: dosvid ekspres-otsinky ekonomiky [Unknown Ukraine: experience of rapid assessment of the economy]. Dzerkalo Tyzhnya Ė Weeksí Mirror, 2003, No. 14, available at: http://gazeta.dt.ua/ECONOMICS/nevidoma_ukrayina_dosvid_ekspres-otsinki_ekonomiki.html [in Ukrainian].
3. Prykhodíko A. Posle shtorma: perspektivy ukrainskoi ekonomiki v 2017 godu [After the storm: the prospects for the Ukrainian economy in 2017], available at: http://finance.liga.net/economics/2016/12/28/opinion/51262.htm [in Russian].
4. Borodyuk V., Turchinov A., Prikhodíko T. Otsenka masshtabov tenevoi ekonomiki i ee vliyanie na dinamiku makroekonomicheskikh pokazatelei [Estimation of the scales of a shadow economy and its influence on the dynamics of macroeconomic indices]. Ekonomika Ukrainy Ė Economy of Ukraine, 1996, No. 11, pp. 4Ė16 [in Russian].
5. Varnalii Z.S., Goncharuk A.Ya., Zhalilo Ya.A. et al. Tiníova Ekonomika: Sutnistí, Osoblyvosti ta Shlyakhy Lehalizatsii [Shadow Economy: Essence, Features and Ways of Legalization]. Z.S.Varnalii (Ed.). Kyiv, NISS, 2006 [in Ukrainian].
6. Mazur I.I. Detinizatsiya Ekonomiky Ukrainy: Teoriya ta Praktyka [The De-shadowing of the Ukrainian Economy: Theory and Practice]. Kyiv, VPTs ďKyiv universityĒ, 2006 [in Ukrainian].
7. Popovych V.M. Ekonomiko-Kryminolohichna Teoriya Detinizatsii Ekonomiky [Economic and Criminological Theory of De-shadowing the Economy]. Irpiní, Academy of the State Tax Service of Ukraine, 2001 [in Ukrainian].
8. Schneider F. The Shadow Economy and Work in the Shadow: What Do We (Not) Know? Institute for the Study of Labor, 2012, available at: http://ftp.iza.org/dp6423.pdf.
9. Ehrke Ju., Betliy O., Kirchner R., Giucci R. Propozytsii Shchodo Detinizatsii Ekonomiky Ukrainy [Proposals to De-shadow Ukraineís Economy]. Berlin/Kyiv, Institute for Economic Research and Policy Consulting, German Advisory Group, 2011, available at: http://www.ier.com.ua/files/publications/Policy_papers/German_advisory_group/2011/PP_04_2011_ukr.pdf [in Ukrainian].
10. Bazylyuk A.V., Kovalenko S.O. Tiníova Ekonomika v Ukraini [Shadow Economy in Ukraine]. Kyiv, SREI of the Ministry of Economy of Ukraine, 1998 [in Ukrainian].
11. Kharazishvili Yu.M. Teoretychni Osnovy Systemnoho Modelyuvannya Sotsialíno-Ekonomichnoho Rozvytku Ukrainy [The Theoretical Basis of System Modeling the Socio-Economic Development of Ukraine]. Kyiv, TOV ďPoligraf-KonsaltingĒ, 2007 [in Ukrainian].
12. Tyshchyuk T.A. Mif i realínistí pro rivení tiníovoi ekonomiky v Ukraini [Myth and reality about level of shadow economy in Ukraine], available at: http://ukr.segodnya.ua/economics/enews/mif-i-realnost-ob-urovne-tenevoy-ekonomiki-v-ukraine-673584.html [in Ukrainian].
13. Tyshchyuk T.A., Kharazishvili Yu.M., Ivanov O.V. et al. Tiníova Ekonomika v Ukraini: Masshtaby ta Napryamky Podolannya [Shadow Economy in Ukraine: Scale and Directions of Overcoming: Analytical Report]. Ya.A. Zhalilo (Ed.). Kyiv, NISS, 2011 [in Ukrainian].
14. Kharazishvili Yu. Izmerenie tenevoho VVP na osnove funktsii sovokupnoho sprosa i sovokupnoho predlozheniya [The measurement of the shadow GDP on the basis of functions of the overall demand and the total offer]. Ekonomika Ukrainy Ė Economy of Ukraine, 2007, No. 1, pp. 57Ė63 [in Russian].
15. Kharazishvili Yu.M. Tiníova zainyatistí ta tiníova oplata pratsi v Ukraini: otsinky ta prognozy [Shadow employment and shadow labor payment in Ukraine: estimates and forecasts]. Stratehiya rozvytku Ukrayiny. Ekonomika, sotsiolohiya, pravo Ė Development Ukraine. Economics, sociology, law, 2011, No. 4, Vol. 1, pp. 171Ė182 [in Ukrainian].
16. Mamalui O.O., Grytsenko O.A., Darnopykh G.Yu. et al. Osnovy Ekonomichnoi Teorii [Foundations of Economic Theory]. O.O. Mamalui (Ed.). Kyiv, Yurinkom Inter, 2005 [in Ukrainian].
17. Schneider F. Size and Development of the Shadow Economy of 31 European and 5 other OECD Countries from 2003 to 2013: A Further Decline, available at: http://www.econ.jku.at/members/Schneider/files/publications/2013/ShadEcEurope31_Jan2013.pdf.
18. Golubov A. Kuda ukhodyat den'gi [Where money goes to]. Korrespondent Ė Correspondent, 2012, No. 46 (534), pp. 16Ė20 [in Russian].
19. Kharazishvili Yu.M. Shchodo vyboru tochok vplyvu polityky stymulyuvannya ekonomichnoho zrostannya [To the choice of the points of influence of the policy of economic growth stimulating: analytical note]. Kyiv, NISS, 2011, available at: http://www.niss.gov.ua/articles/574/ [in Ukrainian].
20. Melíota I., Gregory P. Novyi Poglyad na Tiníovu Ekonomiku Ukrainy: Chy Ii Vzhe Otsineno?, v: Naukovi Materialy Ļ 11 [New Insights into Ukraineís Shadow Economy: Has It Already been Counted?, in Working Paper No. 11]. Kyiv, Institute for Economic Research and Policy Consulting, 2011 [in Ukrainian].
21. Kharazishvili Yu.M., Kovalí O.P. Detinizatsiya zarobitnykh plat yak chynnyk sotsialínoho rozvytku ta zabezpechennya ekonomichnoi bezpeky Ukrainy [Deshadowing wages as a factor of the social development and provision of the economic security of Ukraine]. Stratehichni Prioritety Ė Strategic Priority Magazine, 2013, No. 4 (29), pp. 38Ė49 [in Ukrainian].
22. Kharazishvili Yu.M., Kovalí O.P., Novak I.M. Mozhlyvosti lehalizatsii zarobitnoi platy v Ukraini: pererozpodil sotsialínoi vidpovidalínosti [The possibilities of legalization of wages in Ukraine: redistribution of social responsibility]. Demografiya ta sotsialína ekonomika Ė Demography and social economy, 2013, No. 2 (20), pp. 191Ė200 [in Ukrainian].

PROBLEMS OF REGIONAL DEVELOPMENT AND DECENTRALIZATION

UDC 336:332.1:338.24.021.8

I. F.  K O L O M I E T Sí,
Professor, Doctor of Econ. Sci.,
Honored Economist of Ukraine,
Leading Researcher,

© Kolomietsí Ihor Fedorovych, 2017; e-mail: koligorrr@mail.ru,
A. O.  P E L E K H A T Y I,
Cand. of Econ. Sci.,
Researcher,

© Pelekhatyi Andrii Olehovych, 2017; e-mail: Pelechatyj_A@i.ua
Department of the Regional Financial Policy
Institute of Regional Research named after M.I. Dolishniy of the NAS of Ukraine
(Lviv)

THEORETICAL AND PRACTICAL ASPECTS OF THE FORMATION OF THE CONSOLIDATED TERRITORIAL COMMUNITIES IN UKRAINE
Summary

Reforming the system of local self-government in Ukraine provides for reform of the administrative-territorial structure combined with the formation of capable consolidated territorial communities as a grassroots local administrative-territorial unit and financial decentralization with transfer of appropriate authority and resources to the local level. The main task of the reform is eradication of remnants of the Soviet command-administrative type of management and formation of self-sufficient and capable administrative-territorial units.
The purpose of the article is to determine the optimal parameters for the creation of a consolidated territorial community that will facilitate the effective development of administrative-territorial units of the basic level and provision of high-quality public services to the community's population.
The peculiarities of formation of consolidated territorial communities in Ukraine in accordance with the principle of economic efficiency are considered. The influence of population and area of the consolidated territorial community on its financial position and ability to perform its functions has been analyzed. It is proved that the formation of capable territorial communities on a voluntary basis cannot be characterized as the most successful; therefore, when consolidating communities, one must adhere to clearly defined principles and criteria, avoiding too large deviations in the parameters of their demographic and spatial potential. The latter causes significant financial and budgetary differentiation of communities and complicates the processes of budgetary adjustment and alignment. The matrix for determining the optimal parameters according to which the consolidated territorial communities are to be formed is proposed. It is proved that formation of consolidated territorial communities with certain optimal parameters will contribute to its effective development and provision of quality public services to the community's population.
Keywords: capable territorial communities, reform of administrative and territorial structure, financial independence, expenditures of local budgets, economic viability (p. 46Ė55).

References

1. Pavlyuk A.P., Oliinyk A.P., Batalov O.A. et al. Terytorialína Gromada yak Bazova Lanka Administratyvno-Terytorialínoho Ustroyu Ukrainy: Problemy ta Perspektyvy Reformuvannya [Territorial Community as a Basic Link in the Administrative and Territorial Structure of Ukraine: Problems and Prospects for Reforming]. Kyiv, NISS, 2016 [in Ukrainian].
2. Vakhovych I.M., Kaminsíka I.M. Finansova Spromozhnistí Rehionu: Diagnostyka ta Mekhanizmy Zabezpechennya [The Financial Capacity of the Region: Diagnosis and Mechanisms of Ensuring]. Lutsík, Nadstyríya, 2008 [in Ukrainian].
3. Pelekhatyi A.O., Zakhidna O.R. Administratyvno-terytorialína reforma yak instrument detsentralizatsii finansovykh resursiv, v: Sotsialíno-Ekonomichni Problemy Suchasnoho Periodu Ukrainy [Administrative-territorial reform as a tool for decentralization of financial resources, in: Socio-Economic Problems of the Modern Period of Ukraine]. Lviv, Institute of Regional Research named after M.I. Dolishniy of the NAS of Ukraine, 2014, Issue 4 (108), pp. 167Ė175 [in Ukrainian].
4. Detsentralizatsiya: Mistsevi Byudzhety 159 Obíednanykh Terytorialínykh Gromad [Decentralization: Local Budgets of 159 Consolidated Territorial Communities]. Kyiv, Ministry for Regional Development, Building and Housing of Ukraine, 2016 [in Ukrainian].

UDC 332.135/656.022.83

S. I.  H R E C H A N A,
Associate Professor, Cand. of Econ. Sci., Senior Researcher,
© Õrechana Svitlana Ivanivna, 2017; e-mail: svigrech@gmail.com,
I. A.  P O P O V A,
Cand. of Econ. Sci., Senior Researcher
© Popova Iryna Anatoliivna, 2017; e-mail: ira_popova_dik@mail.ru
Department of Interregional Cooperation of
Luhansk branch of the Institute of Economic and Legal Research of the NAS of Ukraine
(Kyiv)

DEVELOPMENT OF TRANSPORT LINKS WITHIN INTERREGIONAL COOPERATION
Summary

Transport links occupy one of the priority places in ensuring the effective functioning of the economy. This causes their important role in intensifying the interregional cooperation. This requires reliable information about quality of transport infrastructure ensuring the effective links. Thus, the purpose of the article is to analyze the transport links in the context of the regions of Ukraine to determine the most favorable conditions for interregional cooperation.
It is suggested to consider transport links within interregional cooperation as the system of socio-economic relations of objects, which provides the whole range of transportation, creating and regulating the conditions necessary for the smooth functioning of economic relationships and interaction of subjects and participants of regional economy.
It is proved that the current state of transport market and links between its participants is unsatisfactory. Low scores of various experts about quality of transport infrastructure in Ukraine and in the context of regions are given. The rating of the worst roads in Ukraine according to estimations of users is presented. It is proved that the formation of transport links is positively influenced by rail transportation while the condition of highways, ports and aviation infrastructure reduces their effectiveness.
Analysis of indicators of transport infrastructure of interregional cooperation in the territorial context is performed. The main indicators are identified: density of public paved roads and railways, deterioration of public roads and railway tracks, the share of roads of the first category within all public paved roads, ratio of the length of paved roads to the total number of filling stations, volume of freight and passenger traffic. Based on the results of assessment of these indicators, regions by the following categories were grouped: quality of railway and road infrastructure and traffic volume. This made it possible to identify regions with the most and least attractive conditions for the development of transport links within interregional cooperation.
Keywords: transport links, interregional cooperation, development, transport infrastructure, indicators, quality, cargo transportation, passenger traffic (p. 56Ė66).

References

1. Pizintsali L.V., Rogatcheva E.V. Razvitie sistemy kachestva v ukrainskoi transportnoi sisteme [Development of quality system in Ukrainian transportation system]. Problemy tekhniky Ė Problems of Technics, 2013, No. 1, pp. 84Ė94 [in Russian].
2. Ekonomichna Skladova Uhody pro Asotsiatsiyu mizh Ukrainoyu ta ES: Naslidky dlya Biznesu, Naselennya ta Derzhavnoho Upravlinnya [Economic Component of the Association Agreement Between Ukraine and the EU: Implications for Business, Population and Public Administration]. I. Burakovsky, V. Movchan (Eds.). Kyiv, Institute for Economic Research and Policy Consulting, 2014 [in Ukrainian].
3. Zablodsíka I.V., Buzíko I.R., Zelenko O.O., Khoroshylova I.O. Infrastrukturne Zabezpechennya Rozvytku Transportnoi Systemy Rehionu [Infrastructure Support for the Development of a Region's Transport System]. Severodonetsík, Volodymyr Dahl East Ukrainian National University, 2016 [in Ukrainian].
4. Matveeva A. Rynok transportnykh poslug: ponyattya, uchasnyky ta obíekty [Market of transport services: concept, participants and objects]. Visnyk Natsionalínoi akademii pravovykh nauk Ukrainy Ė Bulletin of the National Academy of Legal Sciences of Ukraine, 2011, No. 1 (64), pp. 135Ė143 [in Ukrainian].
5. Kolominov V. Sostavlen reiting oblastei Ukrainy po kachestvu avtodorog [Compiled list of regions of Ukraine on the quality of roads], available at: http://autonews.autoua.net/novosti/10530-sostavlen-rejting-oblastej-ukrainy-po-kachestvu-av.html [in Russian].

SOCIAL PROBLEMS IN MANAGEMENT PRACTICE

UDK 331.2

V. M.  K O V A L Y O V,
Professor, Doctor of Econ. Sci.,
Head of the Department of Economics of Enterprises and Management,

© Kovalyov Valerii ŐůkolaiÓvych, 2017;
 e-mail: epmuipa@ukr.net,
O. A.  A T A E V A,
Associate Professor, Cand. of Econ. Sci.,
Associate Professor of the Department of Economics of Enterprises and Management

©  Ataeva Olena Alimivna, 2017;
e-mail: ataevaelena@mail.ru
Educational-Scientific Professional-Pedagogical Institute of
Ukrainian Engineering Pedagogics Academy
 (Kharkiv)

SCIENTIFIC APPROACHES TO DETERMINE THE LEVEL OF LABOR PAYMENT
 IN UKRAINE

Summary

In the system of socio-economic levers of human livelihoods management, wages are almost the main economic category on which not only the living standard of population depends, but also social calmness in society. As a category of production, labor payment is an essential stimulating factor for raising labor productivity, its quality, cost of its payment, pricing and competitiveness of products, quality and living conditions of people in general.
Hence, given the stable conditions of economic environment and economic policy of the state, the most significant problem of regulation and management of wages is the scientific justification of its level. It is to this problem that economics has recently begun to pay minimal attention to. The activities developing by economics are aimed primarily at poverty eradication that, under current economic situation, certainly requires the increased attention of society. However, concerning establishing a certain level of wages, there are no radical scientific and practical solutions in economics.
The article focuses on the development of methodological approaches to quantifying the level of labor payment based on two main criteria: economic opportunities of economic entities and the threshold of social perceptibility of the level of labor payment and incentive payments, as well as the methodology for the formation of a minimum wage. Methods for identifying the reserves for a possible increase in average wages are also proposed. Calculations have been made on the example of indicators of the industry of Ukraine in 2008-2015, confirming the likelihood of the proposed methodology and patterns that reveal factors of wage changes.
Keywords: wage fund, structure of the wage fund, functions of wages, wage level, cost of labor, methodology of calculations, growth reserves (pp. 67Ė79).

References

1. Libanova E.M. Nerivnistí za dokhodamy v suchasnii Ukraini [Income inequality in modern Ukraine]. Sotsialíno-trudovi vidnosyny: teoriya ta praktyka Ė Social and Labour Relations: Theory and Practice, 2014, No. 2, pp. 26Ė36 [in Ukrainian].
2. Libanova E.M. Nerivnistí v ukrainsíkomu suspilístvi: vytoky ta suchasnistí [Inequality in Ukraineís society: sources and modernity]. Ekonomika Ukrainy Ė Economy of Ukraine, 2014, No. 3, pp. 4Ė19 [in Ukrainian].
3. Belopolískii N.G. Upravlenie Mashinostroitelínym Predpriyatiem na Osnove Sovershenstvovaniya Mekhanizma Korporativnogo Kontrolya i Vnutrennego Audita [Management of the Machine-Building Enterprise on the Basis of Improving the Mechanism of Corporate Control and Internal Audit]. Donetsk, Vostochnyi izdatelískii dom, 2010 [in Russian].
4. Kolot A.M. Sotsialíno-Trudova Sfera: Stan Vidnosyn, Novi Vyklyky, Tendentsii Rozvytku [Social and Labor Sphere: State of Relations, New Challenges and Trends of Development]. Kyiv, KNEU, 2010 [in Ukrainian].
5. Heyets V.M. Yake maibutne u sotsialínoi derzhavy? [Which future will a social state have?]. Ekonomika Ukrainy Ė Economy of Ukraine, 2013, No. 7, pp. 4Ė20 [in Ukrainian].
6. Kolodko Grzegorz W. Novyi Pragmatyzm, abo ekonomika pomirnosti [A New Pragmatism or the economy of moderation]. Ekonomika Ukrainy Ė Economy of Ukraine, 2013, No. 11, pp. 13Ė28 [in Ukrainian].

UD— 657.37:005.35

S. Ya.  K O R O Lí,
Associate Professor, Cand. of Econ. Sci.,
Doctoral Candidate of the Department of Audit and Taxation of the Kyiv National University of Trade and Economics
© Korolí Svitlana Yakivna, 2017; e-mail: sykorol@ukr.net

PECULIARITIES OF THE FINANCIAL STATEMENTS OF SOCIALLY RESPONSIBLE ENTERPRISE
Summary

The article shows that the global crisis of 2008-2009 and the post-crisis period of global instability caused an intensive process of changes in the architectonics of global economic regulation. The author summarizes the tendencies of the formation of new institutional forms within the framework of the world economy and proves that these changes generally lead to increased transparency and reduced volatility of economic processes and strengthening the capacity of coordinated actions of coun-tries to solve common problems. A key characteristic of this process is the creation of prerequisites for the transition of the world economy to the rails of the model of sustainable development Ė in the organic unity of its economic, environmental and social components.
At the same time, the article reveals the contradictory nature of the process of global changes and shows that it occurs with many complications weakening the ef-fectiveness of global regulation and efficacy of the policy of the leading internation-al organizations. It identified the potential possibility of the onset of temporary re-versal trends in global institutional evolution under influence of political and ideo-logical factors accompanied by emergence or strengthening of economic nationalism, which may lead to a temporary decline in the globalization of the economy.
However, the decline in the intensity of globalization should be viewed not as a de-globalization, a halt to the deeply rooted process of establishing the institutions of a new global economy of the future, but as a prerequisite for a structural correc-tion of the globalization process. This correction is focused primarily on the con-sistent implementation of the principle of inclusiveness. According to this principle, the process of global regulation should be carried out in the interests not only of the most developed countries, but also of all countries without exception, and create the prerequisites for accelerating the development of all national economies.
The peculiarities of the influence of global economic processes on the national economic development in the face of growing uncertainties of the current stage of the world economy development are related to the need to strengthen the diversity in approaches and the variability of the current mechanisms of economic development.
Keywords: financial statements, socially responsible enterprise, definition of the el-ements of financial statements, conditions for recognition of elements of the finan-cial statements, assets, liabilities, income, expenses (ū. 80Ė88).

References

1. NON-IFRS informatsiya v MSFO-otchetnosti: mnenie professionalínogo soobshchestva [NON-IFRS information in IFRS-reporting: opinion of the profes-sional community]. Vse pro MSFO Ė All about IFRS, 2015, No. 9 (21), pp. 28Ė31, available at: http://amsfo.com.ua/nash-zhurnal/ [in Russian].
2. Vorobe≥ V., Zhurovsíka I. Nefinansova Zvitnistí: Instrument Sotsialíno Vidpovidalínoho Biznesu [Non-Financial Reporting: an Instrument of Socially Re-sponsible Business]. Kyiv, –Ň Kostyuchenko O.M., 2010 [in Ukrainian].
3. 39th European Accounting Association Annual Congress 2016 (11Ė13 May Maastricht, The Netherlands), in: Programme And Collected Papers, available at: http://eaa2016.eaacongress.org/r/home.
4. Korolí S.Ya. Sotsialína Vidpovidalínistí Biznesu: Teoriya ta Metodolohiya Obliku [Social Responsibility of Business: Theory and Methodology of Accounting]. Kyiv, Kyiv National University of Trade and Economics, 2016 [in Ukrainian].
5. Iefymenko T.I., Orlova V.M., Petukhova T.O. Podannya pokaznykiv sotsi-alínoi vidpovidalínosti pidpryemnytstva v finansovii zvitnosti [Presentation of indi-cators of social responsibility of business in the financial statements]. Efektyvna ekonomika Ė Efficient Economy, 2014, No. 4, available at: http://www.economy.nayka.com.ua/?op=1&z=2969 [in Ukrainian].
6. Solovei T.N. Formirovanie finansovoi otchetnosti sotsialíno aktivnoi firmy [For-mation of the financial statetements of socially active company]. Extended abstract of candidateís thesis. Saint Petersburg, Saint Petersburg State University, 2014  [in Russian].

____

SUMMARIES 
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EDITORIAL POLICY AND ETHICAL PRINCIPLES



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