The Impact of Interaction between Business and Government via Business Associations on Foreign Economic Policy

Abstract

The article analyzes the institutionalization process of interaction between business associations representing and protecting their business interests and the state within the framework of making and executing political decisions. The key factors of this process were identified, including formal regulatory rules and informal norms of business activities; management standards; transparency about goals, results and funding; prioritization of cooperation projects with the state; business environment. The effects of these factors are analyzed on the example of the activities of three business associations in Russia and Italy, and particularly implications for economic growth of these countries.