GRAVITATION EQUALITY AS BASIS OF THE STATE’S ECONOMIC DEVELOPMENT ALGORITHM IN THE CONTEXT OF FORMING OF THE INDEPENDENT BALANCED ECONOMIC POLICY

Аннотация

This article presents an algorithm of economic development of state, focused on finding the optimal
direction of foreign economic activity in the context of ensuring economic security of region. The developed
mechanism makes it possible to take into account the gravitational affiliation of states on the basis of the created
integral indicator of the strength of economic gravity. Based on a theoretical assessment of the variability of the paths
of economic development, a conclusion is made about the effectiveness of bilateralism in the context of global
economic instability.
In the process of building macroeconomic policy, the state assesses the bilateral and multilateral aspects of
economic activity. The multifactorial nature of economic activity forms the multitasking of country's economic
development. Accordingly, solving economic problems requires a systematic approach. The main stages of the
algorithm for choosing the path of economic development of the state:
1. Choosing a direction of economy optimization.
2. Assessment of the foreign policy position of the state, on the basis of which the choice of bilateral or
international path is made.
3. Evaluation of bilateral optimization in accordance with the state of the economy.
Bilateral optimization is carried out depending on the economic gravity of states, which determines the type of
interaction of elements. When assessing the current level of bilateral economic relations and the formation of
prospects for cooperation, it is necessary to use the index of economic gravity of countries, which takes into account
a level of trade gravity of countries, an indicator of distance dependence between countries, a measure of political
calm and an indicator of monetary and financial proximity of countries.
The developed mechanism of economic actions of the state provides for the existence of an economic and
political choice of the vector of economic development, taking into account the state national strategy. Reflecting
systemic inversely proportional relationship between the rate of economic growth and country's economic
sovereignty, the algorithm is focused on overcoming systemic interstate imbalances in the world economy.