ECONOMIC AND INSTITUTIONAL INTERESTS IN THE GLOBAL ECONOMY

Indivisible economic, informational, and institutional space is formed in the course of globalization. Inefficiency of globalization's institutions leads to the increase in transaction expenses and contradictions in the global economy. Realization of economic interests in the process of globalization is connected with formation of economic and informational space, which provides income maximization to participants of the international economic relations. Realization consists in formation of institutions which guarantee such maximization. The order in the world was created mostly in accordance with interests of the members of the Organization for European Economic Cooperation and the Group of 7 Industrialized Nations. Formation of such organizations as BRICS by frontier countries is a demonstration of institutional interest in order to change the world institutional order. Transition to a format of the Group of Twenty Finance Ministers and Central Bank Governors is also connected with institutional interests in the global economy. Contradictions between interstate associations (in particular in the EU because of migrant policy) arise owing to existence of institutions which conflict with economic interests of the members. Integration of the CIS countries fails due to aspiration to consolidate economic interests, while it needs the creation of institutions of united area. Research of interaction and contradictions of economic and institutional interests is an important aspect of formation of the global economy.