MECHANISM AND STRUCTURE OF TRANSFORMATION CYCLE
The paper discusses transformational cycle as a part ofcycles in society and economy. The purpose of the paper is to justify the cyclical nature of economic transformation, to consider the mechanism and stages of the transformational cycle. The essence and structure of the transformational cycle is presented. The correlation of the stages of transformation and economic cycles is shown. The specific character of the transformation cycle is identified. The factors that affectthe mechanism and dynamics of the transformational cycle are presented. The necessity of an active government policy to influence the nature, depth and duration of the transformational cycle is proven.