METHODOLOGY OF FORMING MECHANISMS OF INTEGRATION OF COMMODITY MARKETS AS A DEVELOPMENT OF ECONOMY
Journal Title: Економічні інновації - Year 2018, Vol 20, Issue 1
Abstract
Topicality. The article presents the study of the essence of economic mechanisms of market integration, integration mechanisms, which are the driving force and means of accelerated development of markets of the real economy sector under the controlled use of them. The analysis of the influence of various integration mechanisms on the development of commodity markets is presented. The essence of the methodology of formation of integration mechanisms for accelerated development of national commodity markets is revealed. Aim and tasks. The purpose of the article is to identify the mechanisms of integration of commodity markets, which can be used for their accelerated development. Research results. Depending on the goal set for the directions and means of development, existing economic mechanisms capable of realizing the goal of integration and its specific tasks can be formed or selected from the list. We can define them as "integration mechanisms". Today, as we have already said, the economy has in its arsenal a number of mechanisms that can be used to realize the goal of market integration, that is, to promote the unification. Determining the nature of the integration mechanisms and their ability to influence the market equilibrium, and hence the market efficiency, will allow timely response to market imbalances and implement the necessary management measures for the purposeful integration into the operation of the relevant integration mechanisms. Integration processes occurring in the depths of the commodity market have certain causes and nature. At the same time, as a result of integration mechanisms, in the market, as a rule, new, "integrated structures", as well as a new type of services (functions) such as service, goods refinement, and others occur. Conclusions. Thus, the article's goal was achieved - the methodology of forming market integration mechanisms was developed. In order to achieve the main goal of accelerated development, it is necessary to apply a clearly directed policy to create an institutional basis for facilitating the flexible implementation of integration mechanisms on the domestic market with the involvement of small and medium enterprises (SMEs). The methodological basis for the purposeful formation of a complex of heterogeneous methods, objects and instruments of integration mechanisms is their common goal: accelerated development of commodity markets and increase their efficiency.
Authors and Affiliations
Boris BurkinskyI, V. M Lisyuk
Keywords
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- EP ID EP469329
- DOI 10.31520/ei.2018.20.1(66).8-17
- Views 108
- Downloads 0
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