Prerequisites, factors and driving forces of the global economic development

• Published in: Теоретическая и прикладная экономика no. 3; pp. 1 - 24
• Main Author: Karagulyan, Egine Araratovna
• Format: Journal Article
• Language: English
• Published: 01.03.2025
• ISSN: 2409-8647; 2409-8647
• DOI: 10.25136/2409-8647.2025.3.75001

The scientific literature presents a wide range of studies devoted to the theory of global economic development. However, there is still no established theory of global economic development. Global economic development in theories is explained by many different factors and prerequisites. The purpose of this study is to comprehensively systematize the prerequisites, factors and driving forces of global economic development in order to develop a methodological basis for assessing transformation processes. The article is devoted to the study of the prerequisites, factors and driving forces of global economic development. A critical analysis of existing theories and classification approaches made it possible to integrate disparate concepts into a single structured system that allows: to identify key patterns of global economic transformation through the prism of economic, social, technological and political aspects; to unify the criteria for assessing the dynamics of development, including the role of scientific and technological progress, institutional and geopolitical changes; to form a toolkit for forecasting structural changes in the context of global challenges. The main research methods were critical and systemic analysis of theories of economic system development, as well as various classification methods. During the study, more than 100 of the most cited works in the field of development theory were selected and analyzed in accordance with classification criteria. Based on the analysis, 11 prerequisites for the development of the world economy, 15 classification criteria for the factors of development of the world economy, as well as 4 driving forces of development were identified, which will be taken into account in the future when developing a methodology for assessing transformation processes in the world economy. The results of the study are intended to supplement the theoretical basis of the world economy and offer a practice-oriented basis for analyzing modern transformation trends. The results obtained will be of interest to specialists in the field of world economy and international relations. Further directions of the study are related to the development of a methodology for assessing transformation processes in the world economy.