Economic Institutions for Adaptation of the Open-Type Economic Systems to Globalization Processes
Journal Title: Бізнес Інформ - Year 2015, Vol 6, Issue 0
Abstract
The article is aimed to develop a conception about factors of achieving dynamic stability of the open-type economic systems in conditions of postindustrial development. In the analysis and synthesis of scientific works by foreign and domestic scholars, current forms of network interactions of economic entities on the market have been allocated. As result of research, the network-based corporate and non-corporate inter-firm relations have been described. The specific role of the network institutions in the flexible framework of the vertically integrated structures has been disclosed, which, on the one hand, provides the latter with their own adaptability and resistance, on the other hand, provides stability of economic systems in the context of the postindustrial economy and increased competition. The most viable economic institutions, which are prone to institutional benefication of their own organization and obtaining synergy, have been allocated. It has been concluded that the network institutions ensure the integration of the open-type economic systems into global space and have specific capabilities of adapting the system to changes in the global environment.
Authors and Affiliations
Olena Mykolenko
Keywords
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