Abstract
The transition from N. D. Kondratiev’s concept of long business cycles to an endogenous model of long waves is depicted. The features of long-term trends in the development of the world economy in the 21st century are analyzed. They are associated with the exacerbation of competition from major developing countries, changes in the balance of forces between the advanced economies and the rest of the world, and their impact on the pace of the world economy development. The role of information and communication technologies in the formation of the ascending wave at the beginning of the 21st century is assessed. Prospects of solving the problem of employment of the economically active population are evaluated.
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