Priority of anti-crisis economic policy based on innovative and institutional changes

Abstract

The combination of global and local factors gives the modern financial and economic crisis specificity. The aim of this paper is to point to the urgent need of the consistent anti-crisis economic policy creation, which must take into account local and global crisis and risks factors.

This article discusses the influence of real institutionalization on the efficiency of the economic policy. It points out at a primary significance of institutionalization on economic policy. It departs from the hypotheses that the creation efficient anti-crisis economic policy requires a correct and timely identification of the problems and crisis process, defining the necessary measures and creating a development approach, which should be based on innovative-institutional modeling.

Anti-crisis measures aimed at meeting elimination of the consequences of the crisis and related processes experience an impact of factors determining economic crisis in staff of technology and finance enterprises.

One of the circumstances that makes the subject of this study burning is the dominance of negative feedback from community members in terms of activities by state structures, which are reflected in further disappointing results in employee's performance. For government agencies, image is an important functional and status value. Other than this, it is an indicator of trust level and a measure of the efficiency of management activities carried out in accordance with reforms in state institutions, fixing the degree of conformity of employees' actions with requirements and expectations of particular social groups and national economy. Consequently, the competence of anti-crisis management largely determines the attitude of society towards government officials, it also determines the degree of perception of activities of representatives of government officials and restructuring programmers