New Quality Of Economic Growth Concept

Abstract

Qualitative changes in the structure of economic growth are conditioned by the general objective historical process of social change in its progressive development. The nature of these changes has both a quantitative and a qualitative basis. The new quality of economic growth develops as a result of a qualitative transition, preparing the economy to the new forms of functioning in the process of progressive development of productive forces. The paper is devoted to presentation of new quality of economic growth concept and description of its nature. The spatial nature of the new quality of economic growth is revealed in the existence of points (territories), where the properties and characteristics of the growth are concentrated. In addition to the spatial dimension, there is a time aspect. The temporal nature of the new quality of economic growth is contained in the irreversibility of global economic development, and the movement of the world economy on the path of scientific and technical progress.