Abstract
The article substantiates the theses: firstly, the world economy in all its aspects, including GDP production, world trade turnover, monetary and financial sphere, has been in a fairly stable and global crisis for the last 20 years; secondly, one of the main reasons for all this is the crisis of modern economic theory. According to the author, the conceptual foundations of socio-economic development, which remain the basis of modern economic practice, do not correspond to the latter not only at the global level, but even at the level of the United States and other Western countries. In this regard, according to the author, the urgent task of our time is the development of new theoretical approaches to socio-economic development, and on a country-by-country basis.
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