Abstract
The modern economic system is inextricably linked with the processes of globalization and regionalization. International economic instability becomes part of global political instability. Obvious large-scale changes in the structure, geography, management model of the world economy. However, the theoretical understanding of these changes lags behind current practices. Thus, the purpose of this article is to identify the main problematic components in the management models of economic processes and their causes, as well as to propose possible scenarios for exiting the crisis. Against the backdrop of ongoing global challenges, the current conditions of economic development (as well as its forms) are manifested in macroeconomic instability, which consists in the change of functioning system industries and objects. There is an accumulation of changes in the system, and as soon as the dominance exceeds the power of stabilizing factors, interconnection and interdependence, which maintain the system balance, oscillations are disturbed and the equilibrium positions are lost. Thus, the system becomes unstable. Considering the circumstances in which the economy develops and the periodicity of fluctuations in the economic system, its stability is disturbed, which depends on the factor of timely adjustments to the economic system itself to normalize fluctuations in the system. The economy as a system develops unevenly, wave-like, which is defined in economic theory by the law of diminishing marginal productivity of all factors. The expansion of relationships between the subjects of the world economy and the structural arrangement of its elements increasingly raise the question of rethinking the nature of economic reality and the regularity of its formation. The global economic system is getting complicated, and everything is complicated very selectively. Movement through evolutionary complication means the realization of less likely events. The principle of selection allows the existence of bifurcation states, including even the absence of stochastic factors, such as fluctuations in exchange rates, market prices, energy resources, etc., a transition to many new states is possible.
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More From: Herald UNU. International Economic Relations And World Economy
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