ОСНОВНІ ТЕНДЕНЦІЇ ЕКОНОМІЧНОГО ЗРОСТАННЯ ТА ЦИФРОВОЇ ГЛОБАЛІЗАЦІЇ

Abstract

Economic growth is the act of increasing and improving national production so that a country can produce more and better goods and services. It is important to maintain this growth, it will affect the standard of living in the country and give humanity more opportunities. The purpose of the article is coverage of problematic aspects and main trends of economic growth and digital globalization. Methods used in the research: comparison, comparative analysis, systematization and logic, etc. The hypothesis of the study was the assumption that trade is a means by which countries can develop specialization, increase the productivity of their resources and, in general, increase the total volume of production (develop as a whole). Presenting main material. Economic growth has traditionally been explained by the accumulation of human and physical capital and the increase in productivity. Further division of labor (specialization) is also fundamental to increasing productivity. Growth in labor productivity (the ratio of the value of production to labor consumption) has historically been the most important source of real economic increase. Originality and practical significance of the research. Economists reflect on the topic of economic growth and offer ideas for sustaining economic growth and increasing it. Conclusions. Governmental organizations have questioned the justification of economic growth in developed countries, arguing that it has not increased the well-being of society in recent decades. They point out that despite an increase in the size of the annual economy, measures of subjective life satisfaction have not increased, which in turn confirms that economic growth does not condition economic development.