Abstract

The crisis of the modern market economy arose due to the formation of the world economy at the turn of the century because of the growing socialization of production in a national and international scale. The events that take place in the economy of Ukraine is closely connected with the General course of development of the world economy. Modernity has put before the governments of most countries of the world, including Ukrainian, the need for urgent action to prevent the devastating impact of the global financial crisis on the economy of the country. The unprecedented scale of transitivity and complexity of the forms of the crisis give grounds to speak about the new quality of these phenomena in the global economy. The depth and length of transformational recession, obviously, depend on the extent of the established imbalances: the volume of the transformational challenges from the point of view of art and technology; the degree of development of the real market relations, and the like. The problem is in particular the determination of the need for effective crisis management in transitional processes, the adoption of adequate solutions that should be taken in accordance with the emerging requirements and identifying the theoretical and methodological utmost crisis phenomena in the development of economic systems.

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