New trends in the development of the world economy in view of the effects of the emerged crisis

Abstract

The paper deals with measures taken in different countries in order to mitigate the consequences of the economic recession. The authors of the paper have characterized their impact on the transformation of the paradigm of the development of both the world and national economies, taking into account the trends relating to the technology shift. Attention is drawn to the possibility of ensuring a fundamentally new quality of economic growth of the world economy based on digitalization, technological breakthroughs and a system approach to ensuring a balanced spatial development of territories. The authors have substantiated national priorities in the development of socio-economic measures aimed not only at the recovery of the world and national economies from the crisis, but also at ensuring further growth. A set of recommendations aimed at enhanced development of economic processes has been determined; these recommendations are based on international experience in overcoming crises, including those caused by sharp changes in the pace of scientific and technological development as well as the results of the implementation of government measures taken to support enterprises in the face of the coronavirus pandemic.