STATE REGULATION OF ECONOMY IN COUNTRIES OF NORTHEN EUROPE: THEORY AND PRACTICE
The purpose of this article is to give an overview of the Nordic model of state regulation of market economy. There is a certain emphasis on the assessment of tools and mechanisms of state regulation and their economic, social and ecological effectiveness as well. The role of sate for the creation of innovative economy as a precondition of integration in global value added chain has been substantiated. Finally, innovative theoretical and practical recommendations related to the state regulation has been discussed.