Contradictions of Formation of the Global Economic Governance System

Abstract

The reasons and the factors of the global economic governance formation became the urgent issues of modern economic theory and practice. Emerging mechanisms of global governance reflect the transitional nature of the present stage of civilization. Under modern conditions, global ownership only begins to form, which inevitably involves the use of the socio-economic shell of previous historical types of economic relations. This particularly reflected in the utilization of the worldwide ownership in private-sector interests and in the application of the mechanisms of global governance to achieve the goals of individual states, corporations, financial-oligarchic clans and other private entities. A contradiction of genesis and evolution of the global ownership and control mechanisms of the world economic system become the essential problem of the international political economy.

Untitled

“…Certainly, economic systems can be characterized by different criteria: 1) subject forming criteria -structure elements forming the subject of economic theory, 2)socio-economic criteria -criteria based on separation of the main content parties, 3)volume and dynamic criteria -criteria characterizing complexity and changeability of the system. Economic system has market, administrative, mixed, planned and traditional types [5,6]. Market economic system is an economic system based on commodity-money relations and private property, regulated by the laws of the market and the market mechanism, dominated by free competition and free choice of producers and consumers.…”