Economic factors of global turbulence

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Abstract

In recent decades, trends of global economic turbulence have intensified worldwide, expressed both in increased uncertainty, nonlinearity of economic processes, and the rise of economic and geopolitical conflicts. The authors of the study see one of the main factors intensifying global economic turbulence as the long-standing contradiction between the potential growth in global production, the need for this growth to stimulate positive dynamics in the global economy, and the limited availability of global sales markets. In the study, the authors analyze a wide range of phenomena, problems and contradictions associated with the limited availability of global markets, which are factors in global turbulence. By examining the problem of limited markets and the contradictions generated by this problem, such as the confrontation between national and supranational development institutions, the clash between national interests and the interests of transnational corporations and others, the authors form their own vision of possible scenarios for changes in the world order and the global economy.

About the authors

Vladimir V. Eremin

Financial University under the Government of the Russian Federation

Email: villy9@rambler.ru
ORCID iD: 0000-0002-2144-3543

Cand. Sci. (Econ.), Leading Researcher, Institute of Economic Policy and Economic Security Problems

Russian Federation, Moscow

Sergey A. Pobyvaev

Financial University under the Government of the Russian Federation

Email: sergeypob@mail.ru
ORCID iD: 0000-0002-7312-7059

Cand. Sci. (Econ.), Leading Researcher, Institute of Economic Policy and Economic Security Problems

Russian Federation, Moscow

Sergey N. Silvestrov

Financial University under the Government of the Russian Federation

Author for correspondence.
Email: fm.fa@yandex.ru
ORCID iD: 0000-0002-7678-1283

Dr. Sci. (Econ.), Professor, Honoured Economist of the Russian Federation, Head of the Institute of Economic Policy and Economic Security Problems

Russian Federation, Moscow

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