Academy of Entrepreneurship Journal (Print ISSN: 1087-9595; Online ISSN: 1528-2686)

Abstract

Global Regulation of the Economy: Modern potential and Opportunities for Transformation

Author(s): Anna V. Mikhailova,Tatiana K. Medvedskaya,Sergei V. Laptev,Tatiana V. Korsakova,Oleg A. Dvoryankin,Vladimir E. Rubanik

Global regulation of the economy" is not a new area of close study, but the appeal to it is always relevant in connection with the rapid changes in the economic picture of the world, new challenges and crisis phenomena. This study is not limited to the presentation of any author's concept of global regulation, but includes an analysis of the current situation, in particular in the field of international trade relations on the basis of the events of 2018. The goal of this research is to provide an overall picture of global economic regulation today and to identify priorities for possible transformation in the nearest future. The study analyzes the causal relationships of the emergence of international economic organizations and contact groups. It provided the examples of past transformations, identified problematic aspects of the processes of transformation. The main conclusion is that today it is more expedient to focus on topical issues on individual subjects of regulation than to try to carry out a large-scale structural reform of the entire system. The presented work can be useful both for foreign affairs experts and for a wide range of people interested in the indicated problems. The priorities for the continuation of this study depend directly on the current and future changes in the world economy and politics