Key Global Economic Trends of the Current Decade

Andrey Nikolaevich Spartak and Julia Kravchenko
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Andrey Nikolaevich Spartak: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2021, issue 12, 7-26

Abstract: The article considers key global economic trends of the current decade. It was found that transformations in the global economy and trade reshaping the existing global economic landscape, its configuration and relations between participants, have accelerated. Structural changes in the functioning of the global economy are highlighted. It is revealed that the economic crises provoked by the COVID-19 pandemic has increased the importance of the uncertainty factor that impacts domestic and global economic growth. It is concluded that uncertainties and risks for global growth are becoming the main factors in decision-making of national governments and institutions of global governance.

Keywords: Global energy transition; natural and technological disasters; megaregionalization; uncertainties and risks for global growth; COVID-19 pandemic; protectionism; transformations in the global economy and trade; digital trade. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2021_12_7-26

DOI: 10.24412/2072-8042-2021-12-7-26

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