From the crisis-generating nature of global development to the transformation of the world financial and economic architecture

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Abstract

The modern dynamics of the global processes unfolding in the financial and economic sphere is currently experiencing a wide range of crises of different profiles (which forms the crisis-generating nature of global development), requiring the development of new approaches to overcome them. This determines the relevance of the description of a crisis dynamic, specific examples of its evolution and growth. The purpose of the study is to identify the main contours of the transformation of the world financial and economic architecture (WFEA) in such conditions. For this, the methodology of systems analysis, the dialectical method of scientific knowledge, methods of historical, logical and comparative analysis were used. As a result, it was concluded that the monetary methods used only make it possible to stop the spread of the crisis, but do not remove its root causes, since the crisis dynamics has a steady growing nature, which occurs with a parallel increase in emission volumes. The comparison of two world economic structures of the established imperial and new integral ones is carried out. The issue of the process of gradual renewal of the entire world system, WFEA, its reboot with elements of transformation, but in the general outlines of evolution, is considered. The revolutionary nature of development will be associated only with technological leaps, including due to the manifestation of the sixth wave of technological development, which will also adjust the transformation of the entire WFEA to itself.

About the authors

Fedor A. Smirnov

World-System Research Center (Think Tank)

Author for correspondence.
Email: feowelt@gmail.com

PhD in Economics, financial analyst, scientific director

36 Ostrovityanova St, Moscow, 117647, Russian Federation

Anatoly V. Golovkov

World-System Research Center (Think Tank); Analytical Center for the Government of the Russian Federation

Email: sibia@yandex.ru

PhD in Geologo-Mineralogical Sciences, expert of the Analytical Center for the Government of the Russian Federation, Head of the High-Tech Synthesis Laboratory and Vice President of the World-System Research Center (Think Tank).

36 Ostrovityanova St, Moscow, 117647, Russian Federation; 12 Akademika Sakharova Ave, Moscow, 107078, Russian Federation

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Copyright (c) 2021 Smirnov F.A., Golovkov A.V.

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