THE MECHANISM OF COORDINATION IN THE SYSTEM OF PUBLIC ECONOMIC ORDER

The study of various socio-economic systems for the sustainability and effectiveness of their institutional structure is one of the most important areas of economic development theory and policy. The state, as a key actor in the coordination of public relations, is able to influence people's consciousness and behavior, thereby improving and revitalizing the existing economic order, ensuring the stability of the macro-system as a whole and respecting the national interests of the country. The article considers approaches to the synthesis of theories of political economy, institutionalism and social economic order in order to identify the nature and features of the formation of a mechanism for coordinating the reproductive process in the Belarusian system based on the interaction of its elements combining both subordination relations (vertical of power) and the possibility of coordinating the interests of social groups and individuals (horizontal section). A criterion for the effectiveness of coordination of the system of public economic order of the Republic of Belarus is proposed, which consists in the objectivity of decisions made at all levels using macroeconomic policy instruments that best meet the various goals and motives of most subjects, which can be ensured by the operation of software algorithms, in particular neural networks.

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