Two mechanisms of stability loss at the interphase boundary are possible. T
he mechanism related to instability toward large-size fluctuations is respo
nsible for liquid-vapor equilibria. The other mechanism, which involves sta
bility loss at small distances, governs crystallization of liquids. The Orn
stein-Zernike equation:is used to construct a theory of critical phenomena
that does not use the similarity hypothesis, block Hamiltonians, and renorm
alization group equations. This theory, nevertheless, leads to the same res
ults as the classical theory of critical phenomena. The suggested theory is
used to formulate criteria for determining the boundaries of the region of
giant fluctuations, which is directly adjacent to the critical point, and
of the whole critical region. An attempt is made to analyze the equation of
state in the critical region.