Global economy

The crisis of the world economic system paradigm (monetary aspects)

Economic Annals-XXI

Economic Annals-XXI: Volume 125, Issue 1-2(1), Pages: 49-52

Citation information:
Sharov, O. (2013). The crisis of the world economic system paradigm (monetary aspects). Economic Annals-XXI, 1-2(1), 49-52. https://ea21journal.world/index.php/ea-v125-13/

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Olexandr Sharov
D.Sc. (Economics),
Professor,
Head, Global Economy Studies Department,
National Institute for Strategic Studies, Kyiv, Ukraine
osharov@niss.gov.ua 

The crisis of the world economic system paradigm (monetary aspects)

Abstract. The article deals with the development of world crises processes during last years and identifies significant changes in the base of the monetary relations. Taking into account specific facts, the author makes a conclusion as for the crisis (exhaustion of possibility for further functioning) of the modern paradigm of the world economy and its gradual replacement by new system of relations, which needs deep theoretical comprehension.

Keywords: Globalization; World Crisis; Monetary Relations; Paradigm

JEL Classification: F01; F02; F29; F34; E40

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Received 20.12.2012

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