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Formation Of The Integral World-Economy System-The Future Of The International Economy

Author

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  • Aleksandr E. Ayvazov
  • Vladimir A. Belikov

Abstract

Civilization waves which take place in the human history and economic basis of these waves are considered in the article. This economic basis consists in the formation, development and replacement of technological systems as well as in periodical technological revolutions. These technological revolutions lead to the changing paradigm of management, formation and replacement of the capital accumulation centers and to development and dislocation of the world-economy systems. These changes are at the bottom of the cyclical swings of the world economy described by the theory of “big cycles of economic conjuncture†which was developed by N.D. Kondratieff (K-cycles). Understanding of general patterns of K-cycles makes it possible to correctly assess the deep processes, which take place in the world economy. In this regard, the main trends of the world economy development are analyzed.

Suggested Citation

  • Aleksandr E. Ayvazov & Vladimir A. Belikov, 0. "Formation Of The Integral World-Economy System-The Future Of The International Economy," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 1.
    • Handle: RePEc:ack:journl:y::id:3
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