Abstract
The article examines development trends of the world economy that is faced with a number of chronic and new problems impeding stable economic growth and sustainable inclusive development. This requires the implementation of a number of measures aimed at solving these problems on a supranational, global level. It is also necessary to encourage trade and investments and to support fair globalization geared towards sustainable comprehensive development. The author notes that Mongolia is well-paced to move into a group of highly developed countries, since it has rich natural resources, a young population, a developed infrastructure in the sphere of education and healthcare and, moreover, is located between two great countries - Russia and China (which form a new world center for economic development - BRICS). All of the above-mentioned can ensure the realization of its competitive advantages.
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