Impact of corruption activity on state economic policy

The article examines the direct impact of corruption on the state economic policy. It is established that corruption constrains the formation of close political and economic ties, which are important for the progressive development of market relations. For this aim, the authors analyze the historical preconditions of corruption establishment and development in Ukraine and around the world. The paper studies the definition of both corruption and corruption activity concepts as well as the reasons for the existence of this factor. The principal negative effects of the corruption influence on the state economic policy are provided. The authors determine the common and different features of all the definitions of corruption. The paper analyzes the definition for the concept of a state and public authority, and concludes that the public authority administrates the society on behalf of the nation on the entire state territory by means of the state apparatus, issues and implements general obligatory laws, and represents the state in foreign relations. The current condition of state anticorruption policy and the reasons of its inefficiency were analyzed. As the prospect for further research, the authors develop and propose a number of measures concerning the reduction of the impact of corruption on the state economic policy, which will contribute to the considerable part of economy to leave the shadow sector, and simultaneously consolidate a political component of state authority bodies.