Confrontation of Major Counteracting Forces in the Globalized Market as a Process of Resolving / Intensifying its Contradictions

Deyneka Tetyana Ð . ()
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Deyneka Tetyana Ð .: Poltava University of Economics and Trade

The Problems of Economy, 2016, issue 4, 22_27

Abstract: The aim of the article is to study the process of resolving/intensifying the contradictions of the contemporary globalized market by means of identifying the counteracting forces that are critical for the period of the formation of post-industrial relations. It is proved that in the context of globalization and gradual establishment of principles of the post-industrial economy, the confrontation of major counteracting market forces is undergoing changes, which is manifested through the processes of resolving/intensifying the market contradictions. There identified the content of these changes, in particular: if at early stages of the market development the confrontation “state—market†was of decisive importance, at the present time it is the confrontation “civil society – TNCs†. There described a multivariate character of the interaction between the major market forces — states, international organizations, TNCs, civil society (both with the effect of achieving community of their interests and with the effect of their disunity). It is proved that the confrontation between the civil society and international corporations objectifies in the globalized economy a new form of contradiction between labor and capital that corresponds to the post-industrial content of economic relations and, in particular the content of property relations.

Keywords: contradiction; confrontation; globalization; post-industrial economy; global market; transnational corporations; civil society (search for similar items in EconPapers)
Date: 2016
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