Transformation of Economic Globalization in the Context of the Development of the World Community Along the Path of Multipolarity

DOI: 10.33917/es-6.192.2023.16-29

The development of the world economy in modern conditions is being transformed under the influence of a number of factors, which are both man-made and caused by the imperfection of the system of economic relations that have developed as a result of the absolute denial of state regulation and attempts to replace it with supranational rules. The basic determinants were the recommendations of the Washington Consensus (1992), aimed at accelerating the transition to a market economy of transformational economies after the collapse of the USSR. In the early 2000s, a similar approach was extended to all developing economies. This made it possible to accelerate the process of economic globalization, which was fundamentally based on the internationalization of reproductive value chains. The development of the world community along the path of polycentrism determines the transformation of economic globalization in terms of both driving forces and regional localization.

The purpose of this article is to analyze the transformation of economic globalization in the context of the transition from an American-centric model of the world economy to a multipolar structure of the world community.

References:

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D.S. Chernavsky Model. Part 1. Adam Smith

DOI: 10.33917/es-2.188.2023.98-107

This article considers the system of views of D.S. Chernavsky on the economics of Adam Smith. It turns out that the famous English economist was a convinced statesman. In his famous work “On the Nature and Causes of the Wealth of Nations” he substantiates the need for price regulation, limiting interest rates and also considers transnational corporations the greatest evil in the economy (he calls them “large joint-stock companies”). A. Smith convincingly proves that money is a tool for generating income, but not the income of society itself.

The appendix to the article presents a mathematical model of the loan capital functioning, developed by the author under the guidance of D.S. Chernavsky.

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Resilience as a Strategic Imperative in the Age of Uncertainty

DOI: https://doi.org/10.33917/es-6.180.2021.58-62

The article examines resilience as a new approach to supporting economic growth under the global uncertainty and sudden shocks. We describe resilience as a method for dynamic stabilization of complex systems, as a new imperative for growth policy, and as a new standard of risk management.

Источники:

1. Smorodinskaya N.V., Katukov D.D. Raspredelennoe proizvodstvo v usloviyakh shoka pandemii: uyazvimost’, rezil’entnost’ i novyi etap globalizatsii [Distributed Production Under the Pandemic Shock: Vulnerability, Resilience and the New Stage of Globalization]. Voprosy ekonomiki, 2021. №12 (V pechati.)

2. Walker J., Cooper M. Genealogies of resilience. Security Dialogue, 2011, Vol. 42, no 2, pp. 143–160.

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4. Smorodinskaya N.V. Uslozhnenie organizatsii  ekonomicheskikh sistem v usloviyakh nelineinogo razvitiya [Growing Organizational Complexity of Economic Systems Under Non-Linear Development]. Vestnik Instituta ekonomiki RAN, 2017, no 5, pp. 104–115.

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6. Sreedevi R., Saranga H. Uncertainty and supply chain risk: The moderating role of supply chain flexibility in risk mitigation. International Journal of Production Economics, 2017, Vol. 193, pp. 332–342.

7. Linkov I., Trump B. D. The science and practice of resilience. Cham, Springer, 2019.

8. Ivanov D., Dolgui A., Sokolov B. Ripple effect in the supply chain: Definitions, frameworks and future research perspectives. Handbook of ripple effects in the supply chain. Cham, Springer, 2019, pp. 1–33.

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10. Smorodinskaya N. V., Katukov D.D. Rezil’entnost’ ekonomicheskikh sistem v epokhu globalizatsii i vnezapnykh shokov [Resilience of Economic Systems in the Age of Globalization and Sudden Shocks]. Vestnik Instituta ekonomiki RAN, 2021, no 5, pp. 93–115

11. Smorodinskaya N. V., Malygin V. E., Katukov D.D. Rol’ endogennykh mekhanizmov i faktora slozhnosti v dostizhenii sbalansirovannogo ekonomicheskogo rosta [The Role of Endogenous Mechanisms and the Factor of Complexity in Achieving Sustainable Economic Growth]. Vestnik Instituta ekonomiki RAN, 2020, no 1, pp. 113–129.

12. Root H.L. Network origins of the global economy: East vs. West in a complex systems perspective. Cambridge, Cambridge University Press, 2020.

Organizational and Digital Network Means of Terminal Destruction of Social Development

DOI: https://doi.org/10.33917/es-3.177.2021.58-69

At the moment, there is a change in the universal attractors of the historical process; in this regard, a new management model is required, corresponding to the new “program requirements” of the attractor “from the future”. The former political and economic regulators have fulfilled their role, but the patterns of thinking developed over the centuries do not allow for any other means of “reset” than destruction. The article analyzes who, why, and by what means attempts to preserve the existing world order. As a tool of destruction, the actors of globalization have chosen ultra-effective digital network methods of cross-border impact — a hidden organizational weapon that allows, without destroying the infrastructure facilities necessary to meet vital needs, to block the development of society through the deformation of the motivational and need base of a person.

In order to identify the hidden impact of organizational weapons, the authors propose to use a methodological “polarizing filter” — a normative ranking that allows us to determine the direction of various social phenomena as the results of “horizontal” or “vertical” regulation, leading to the limit of destruction or development.

Globalization of the World Economy and Pandemic-2020

DOI: 10.33917/es-1.175.2021.30-43

The impact of the “pandemic 2020” is analyzed both in the short term and taking into account the long-term trend in order to restore national economic sovereignty by national economies; factors of the promotion of economic globalization — the activities of multinational/multinational companies, the US promotion of unilateral sanctions, the level of economic freedom bordering on the ultimate criterion for the loss of national economic sovereignty; financialization of the global economy as a factor in its growth; the dependence of world development on the level of GVCs formed and the existing specialization of the economies of the world, which made them unable to ensure sovereignty, security and health of the nation; it was concluded that the “pandemic 2020” acts as a catalyst for the restructuring of the world economies towards polycentrism and ensuring real reasonable sovereignty, without denying the potential of either vertical or horizontal cooperation and economic interaction

Russian transnational corporations as global leaders

DOI: 10.33917/mic-6.89.2019.5-13

The paper considers the largest Russian transnational corporations and the possibilities of consolidating their status as global economic leaders. The positions of Russian companies in international ratings are analyzed: Fortune Global 500, The World’s Largest Public Companies (according to Forbs magazine), Top-100 non-financial MNCs from developing countries and countries with economies in transition, ranked by the size of foreign assets and a number of other foreign ratings. The features of the activities of the companies represented in the ratings are established, measures are proposed to strengthen the positions of Russian companies in the global economy.

Development of integration processes in countries with a emerging economy

The article discusses the features of integration processes in modern developing countries. Shows the goals that pursue nation-states in the organization of integration unions. The position of the majority of associations of developing countries within the stages of development of world integration processes is indicated. The current and forecast dynamics of economic indicators of developing countries in comparison with the indicators of developed countries and the world as a whole is analyzed. Based on relevant statistics, a number of existing integration unions of countries with developing economies from various regions of the world are examined in terms of their composition and basic socio-economic parameters. The negative trends in the development of modern integration processes in countries with developing economies are investigated and the reasons hindering the effectiveness of their integration are identified.

Global Challenges in Formation of a Polycentric World Order: Retro Trajectories and Trajectories of the Future

DOI: 10.33917/es-1.167.2020.28-35

Global challenges as the core of the processes of globalization and formation of a new world order provide direction and rhythm of transformation processes in all countries. The article dwells on a set of interconnected global challenges, their retrospective dynamics and future trajectories. Particular attention is paid to the place of Russia in global transformations. It was revealed that thanks to measures taken at all levels of management, positive dynamics have formed in relation to many challenges, but the progress is developing at the expense of ecology and safety. Critical for Russia is a fundamental science cost lag; with such a gap, we won’t be able to ensure defence, economic and technological security and will form the future for ourselves on the far reaches of the world progress

Сonsolidation of the BRICS Countries Positions — a Factor of Intensification of the World Community Development on the Basis of International Law in Defiance of the “Global Rules” That Meet the Interests of the USA

DOI: 10.33917/es-6.164.2019.60-66

Formation of the world system after the Second World War was based on international law, but later the United States began to apply efforts to subdue the development of the world system to the rules and norms developed by them. With collapse of the USSR and the socialist countries bloc, the US hegemony has gained dominant importance, underpinned by both transformation of functions and replacement of appropriately trained personnel of the UN, IMF, WB, WTO and a number of international organizations and NGOs created in different countries. The dominant position of the USA could be remedied at the level of international organizations, without altering the existing international community. Сonsolidating positions of the BRICS countries, primarily at international forums, can provide restoration of justice in the world community development, including preservation of the sovereignty, historical, sociocultural and religious identity of nations and peoples in order to ensure steady increase in the well-being of the world’s population, external and domestic policy independence, can establish mutually beneficial economic cooperation and political partnership meeting the national interest, as well as to eliminate interference in the internal affairs of third countries, attempts to change political regimes therein. The article discusses examples of pressure on the BRICS countries, attempts to exercise a destabilizing effect on the part of Western countries aimed at separation of the BRICS members; it analyzes the role of “soft power” in the foreign policy contour of the BRICS states in the regions where they play the role of development locomotives. Based on results of the analysis, relevant conclusions are drawn and suggestions are made

Globalization and Unipolarity: a Quarter of Century Wandering in Search of Sustainable Development

#8. New Year’s Forces
Globalization and Unipolarity: a Quarter of Century Wandering in Search of Sustainable Development

At the beginning of the zero years of the XXI century there was a strong opposition of anti-globalists and globalists (mainstream) on the global agenda of development formed at the turn of the 1980-1990s in the XX century. In the middle of the second decade of the XXI century due to the green strategy of the global economy in relation to the new goals of sustainable development until 2030, these positions have shifted so much that the terms used do not reflect their original significance any more, which impedes the comprehension of actual processes, creating the illusion of radical changes in globalization processes in order to overcome negative trends on the way towards sustainable development. The article, on the basis of discussions on comprehending results of modern globalization a decade after its beginning, analyzes these changes and proposes terms more reflecting the essence of the ongoing global processes.