Market Economy: Transformation Trends

Abstract

Diverse permanent quantitative and qualitative theoretical, methodological and scientific and practical components of the market economy phenomenon (alternative, in fact) in the past and present are considered and presented in this article in the context of the transformation trends determining its evolution. For an objective and unbiased achievement of this objective and the solution of urgent political and economic research tasks, the authors opted for such methodological tools as retrospective analysis, systematic and applied approaches to examine the key growth vectors and realities that inevitably accompany the transformation of various spheres and branches of the market economy. The main areas of the research carried out through the prism of the global complexity of the market economy phenomenon, were, first, the historical and economic dimension of global transformation expectations in the market economy; second, the institutional concept of global technological solutions and their impact on the modernization of productive forces.
The key research results presented in the article led to a comprehensive political and economic analysis of the changes in the social and political and, above all, economic life of the post-socialist (post-Soviet) countries, which made it possible to identify the reproductive vectors of the market economy at the present stage of its evolution. The conclusions, generalizations and recommendations stated in the article focus on the evolutionary and institutional aspects of the market economy phenomenon with new adequate business models in the context of transformation trends that cause issues of global instability amid deterioration of overall political and economic conditions in the world.