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Abstract
With radical changes of transition and globalization, the creation of an efficient
system of economic activities has to be based on the market – oriented economy
and adequate measures of economic policy.
The strengthening and enlargement of the role of the market and economic laws
becomes a need all the more as the market is the best factor of valuation of all
values. Economy cannot show optimal economic results if it rests only on the market.
It requires certain measures of macroeconomic policy in the filed of economic
activities, employment, price stability, that is, inflation and problems regarding
foreign economy.
Of the same importance is the coordination and intergration of monetary-credit and
fiscal policy (public revenue and tax policy). The instruments of economic policy,
monetary and fiscal policy, are two economic disciplines, only two parts, two subsystems
of the inique financial policy. Joint activity of montary and fiscal policy
becomes a necessity – the law of modern finances. What is needed is that both
policies are complementary and at the same time used with other partial policies in
order to accomplish stability in the broadest sense of the word.
With such radical changes, an economy under the globalisation conditions can be
equal to contemporary production in the world.