ABSTRACT

The way leading to the development of international economic policy is coordination of the foreign economic policy of interested countries. Common economic policy is the most far-reaching form of coordination of goals, means and instruments of foreign economic policy. International policy like foreign economic policy has goals of a diversified time horizon, short term, medium term and long term. Market-condition-related goals have a predominantly short-term time horizon. International economic policy is shaped by several groups of subjects: states, international economic organizations, transnational corporations, international cartels. The role of the state in shaping international economic policy has undergone significant change with the passage of time. Treaties on economic, industrial, scientific and technical cooperation focus their attention on equal mutual treatment of partners, particularly prevention of discrimination in market access. The global strategy of transnational corporations signifies location of branches in different regions, taking account of the improvement of production efficiency in absolute rather than comparative terms.