Topical Aspects of the Media Component of Modern World Economic Relations

P. W. Menshikov () and A. M. Menshikova ()

International Trade and Trade Policy, 2025, vol. 11, issue 1

Abstract: The second decade of the 21st century has transformed the entire global mechanism of world economic relations in a manner unprecedented in comparison with all previous historical periods of world economic development in the direction of forming a new multicentric architecture of world order. There is a serious, in many cases, radical rethinking of classical ideas about the basic components of both world politics and the world economy. In the context of a new type of hybrid war, an increase in the factor of force in international relations, an expansion of the conflict space in a number of strategically important regions, the crisis of the entire world order is intensifying, including crises of the neoliberal economic model of the economy, economic globalization, and a degradation of many previous models and instruments of development is taking place. The multi-actor nature of modern international relations largely predetermines the nature of the world economy, including due to a significant increase in the impact of subjective factors on global trade and economic relations. The so-called "cancel culture", the illegal, from the point of view of international law, policy of sanctions of the "collective West" towards Russia, determine the peculiarity of modern world economic relations. The current situation in the global economy and international trade is essentially largely determined solely by political and ideological interests, rather than economic or foreign trade interests, which to a certain extent complicates the inevitable processes of adaptation of the global trade and currency-financial systems to the realities of a multipolar world. The increased activity of Russian business structures in the new conditions of the global foreign economic environment requires a transformation in the training of highly qualified domestic personnel specializing in foreign economic issues that is adequate to the changes taking place in the global economy and international trade.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2025:id:752

DOI: 10.21686/2410-7395-2025-1-27-37

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