Global aspects of national economy development in the conditions of transformational changes

Abstract

Today’s world is undergoing a difficult period of radical trans-formation, which are uncertain in their effects on the foundations of different levels of economic systems, reflected in a decline in their systemic resilience, and are accompanied by crisis-related phenomena. The intensification of conflicting views, the randomness of economic dynamics, and the increase in global crises at the turn of the millennium are due to the industrial economic system in the most developed countries, to the exhaustion of growth potential with insufficient ability to find the appropriate response to the challenges of the new century, the era and transform to digital development. Global trends are changing in national economic systems, which are different from their own trajectories. The large-scale transformations have spread to modern countries. As a result of their implementation, there has been a sharp shift in the trajectory of economic relations, accompanied by enormous social costs resulting from a lack of attention to the state of economic relations and the characteristics of their previous development.Today it is becoming even more that the choice of ways of further development of modern countries requires an analysis of one’s own practice of systemic economic transformation and a detailed study of the directions of development of the world economy, generalizing the experience of the developed countries in adapting to the realities of the modern world market. The inevitable result of general development patterns is the processes of transformation of economic systems, which at the same time presuppose a theoretical understanding not only of the general but also specific, including taking into account current trends in economic dynamics and the challenges of rapidly evolving globalization processes.