Abstract
Research background: The basis of the long-term sustainable movement of society forward is the paradigm of economic development as a set of scientific achievements, which for a certain period of time are recognized as the basis for the development of scientific and practical activities of the society. The paradigm of market relations is increasingly unable to solve vital problems for society and the economy, such as growing social stratification of the population, an increase in anthropogenic pollution of the biosphere, disruption of the normal functioning of ecosystems and a number of other equally important problems on a global scale. Purpose of the article: The goal set by the authors is to conduct a study of the sustainability of the modern paradigm of economic development in the face of global challenges. Methods: The authors carried out a systematic analysis of economic development in the face of global challenges. A new look at the relationship “global challenges - global actions” is proposed. Findings & Value added: The article presents the author’s view on the manifestations of the crisis of the modern development paradigm, based on the correlation of global challenges and global actions.
Highlights
Comprehension of the global problems at the beginning of the third millennium prompts us to take new approach to assessing the development of modern civilization, and sometimes to question the inviolability of values formed over centuries
The modern paradigm of economic development is continuation of the general development paradigm formed by the centuries-old history of scientific discoveries and achievements
The combined application of principles of evolutionary and systemic approaches in the paradigm of economic development opened up new opportunities in describing complex self-regulating and self-developing systems, the search for approaches to managing such systems, and identified problems that called into question the viability of paradigm itself
Summary
Comprehension of the global problems at the beginning of the third millennium prompts us to take new approach to assessing the development of modern civilization, and sometimes to question the inviolability of values formed over centuries. For more than three centuries, the development of the world’s leading countries has been based on the paradigm, according to which realization of human creative potential occurs through the transformation of world and nature, and society. Continuous growth of production and improvement of the human living standards, provided by the modern paradigm of development, are based on the ideas of progress, democracy, freedom and personal initiative. The flip side of the coin is exacerbation of key contradictions generated by the current paradigm of economic development: between wealth and poverty, liberal social practices and government guarantees, economic growth and the resource potential of nature
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