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Title: Financial-economic monitoring in the system of strategic control
Authors: Masina, Liudmyla O.
Масіна, Людмила Олександрівна
Масина, Людмила Александровна
Citation: Global Academics
Issue Date: 2019
Keywords: monitoring
national economy
financial-economic monitoring
Series/Report no.: ;№ 1(2).
Abstract: In the process of developing and changing of the modern system of state regulation of the national economy, an important element of strategic control is the monitoring, which includes a set of methods aimed at monitoring and evaluating some processes and actions. It should be noted that the term «monitoring» means control and emphasizes the status of a person who carries out assessment and preventive actions related to the state of processes and phenomena. The existence of several approaches to the definition of the essence of this category is based, first of all, on the understanding of the degree of necessity and significance of monitoring, with taking into account current trends and priorities for the development of strategic control. The emergence of monitoring as a necessary procedural action was due to the need to control the state of the environment and environmental protection, which became an important problem in society in the twentieth century. This is what prompted to the creation of an international system of continuous observation and environmental assessment, called the Global Environmental Monitoring Systems (GEMS), by the decision of the UN Stockholm Conference. The first attempts of using monitoring as a separate segment related to the natural sciences, the effective use of which has made it possible to expand the scope of their suitability to other areas of knowledge. Further application of the monitoring system, the development of appropriate tooling, has led to the implementation of control and evaluation methods into areas that include environmental, economic, financial, social and cultural orientation.
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