Real economy and anti-crisis regulation

The real sector of the economy is one of the central objects of economic regulation in the country. It represents the industry that produces material and material goods. This public sector of the economy is connected with the production of non-material goods of industrial or strategic purpose. These sectors, in particular, include fisheries, agriculture, manufacturing and extractive industries, energy distribution and production, construction, communications and transport.

The real sector of the economy is attributed to the macroeconomic bloc. It can be applied to stimulating, stabilizing and anti-crisis regulation.

Anti-crisis management is a complex of methods, forms and management tools aimed at the prediction and analysis of crisis processes. The purpose of this type of management is also to reduce the negative consequences of the crisis situation, as well as the use of accumulated information for further development.

Anti-crisis regulation (in accordance with the structural approach) is a system containing some characteristic components. In particular, among the elements should be identified: goals and objectives, priorities, subjects and objects, the identification of risk and control over the results of anti-crisis management. It should be noted that the content and nature of the elements of this management system determine its (system) effectiveness.

Priorities are strategic guidelines for regulation. With the help of priorities, the real sector of the economy is impacted. With these strategic guidelines, all the actions of the authorities must be correlated.

Tasks and objectives are determined on the basis of prioritized priorities.

The objects of crisis management are referred to as whole complexes or economic processes, as well as individual economic agents, which are affected by management tools.

The entities are executive authorities, credit institutions, banks of the country, central and commercial banks, foundations and development institutions.

Areas of development and support are strategic areas of regulation. They come from the goals and objectives set, as well as from the declared priorities. To the enlarged areas of development and support include the formation of financial incentives for enterprises, the development of entrepreneurship (medium and small), measures to stimulate domestic demand, public and consumer, among others. The strategic areas include the stimulation of the labor market, the improvement of competitive conditions, the development of science and human resources, as well as an increase in innovation capital.

In accordance with the degree of influence on the real sector of the economy, all directions can be subdivided into indirect and direct.

The methods of anti-crisis regulation are certain methods for the implementation of the planned directions and goals. So, for example, reducing the burden on entrepreneurship can be achieved by reducing administrative, tariff, tax impact.

Instruments of anti-crisis regulation include practical methods of influencing the real sector of the economy. For the implementation of anti-crisis regulation, the power has various instruments that relate to different types of policies. In particular, this includes administrative, exchange rate and macroeconomic, customs-tariff and industrial, investment and monetary, tax and budgetary policies. In accordance with the degree of influence on economic agents, all instruments are classified as indirect and direct.