INTEGRATION MECHANISMS IN COMMODITY MARKETS: CONCEPTUAL ESSENCE AND PRACTICAL ACTION
Journal Title: Економічні інновації - Year 2017, Vol 1, Issue 63
Abstract
In article the authors developed theoretical positions of economic integration in market aspect, proposed use of category «market integration» to study modern integration processes in commodity markets. According to the authors, market integration is not only united of business entities but also their functions and commodity flows on the stages of logistics chain. There are two types of market integration – internal and external, is shown its impact on expansion the commodity and geographic boundaries of strategic markets. Market integration has target landmark, it reveals the purpose and objects of integration, which, in its turn, forms the basis to select effective forms and integration mechanisms. Author's definition of category «integration» is proposed, namely: the process of combining elements system into a single whole and mechanism of their interaction through the formation of stable ties between the elements, which is focused on balanced development of systems on micro, meso- and macro levels. Substantiated conceptual essence of category «integration mechanisms» on based the synthesis of process and meaningful approaches. The author's vision of category «integration mechanism» is as follows: ways of interaction of business entities, oriented towards the formation of stable ties between them and efficient use of resources of process (material, financial, labor). Target orientation of a particular integration mechanism determined by the management centers (economic entities, state, international organizations, etc.). The authors defined types of integration mechanisms and structures functioning in sectors of commodity markets. On the example of strategic agricultural markets shown spontaneity and ungovernability of modern integration processes. Proposed the concept of «step by step» as the basis for forming an active integration policy of state in a market context.
Authors and Affiliations
V. M. Lysiuk, O. V. Nikishyna, O. P ZARUDNA
Keywords
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