MARKET FACTORS DETERMINING THE TRANSFORMING STATE’S ROLE IN REALIZING NATIONAL ECONOMIC INTERESTS

Abstract

Abstract. The present stage of global interaction establishes the hierarchy of states in accordance
with their position in the global functional connections of the techno sphere, followed
by transformation of the states’ place within a complex of international relations and eroding traditional
sovereignty. The study of globalization developments theoretically assumes the antinomy
between the global and the national. Recent debate on the future of the welfare state focused

on the effects of globalization is reflected in two opposite approaches, the «pessimistic» which
interprets globalization as a serious threat to the existence of the Keynesian welfare state; and
«optimistic», predicting the compatibility of globalization with the welfare state along with general
promotion of its strengthening.
Critical analysis of the domestic and foreign sources on the role of state and market in the
implementation of national economic interests allowed the authors highlight the key principles
of the institutionalization model of global economic development, including in particular: the
institutional framework flexibility; professional autonomy of decision-making entities, preventing
any pressure from various interest groups, in particular non-formal; economic and ecological
symbiosis for sustainable economic development and preventing redistribution of power;
transparency of the global system, preservation and promotion of cultural differentiation as a
basis for sustainable long-term development of the global society and a mechanism for preventing
mass ideological impoverishment of nations; application of a unified system of rules, regulations
and regulatory standards for homogeneous participants in the global institutional
system.
Key words: globalization, interdependence, national economic interests, competition, economic
security, the welfare state, effective state, the state of social responsibility