ECONOMY

The significance of the economy and economic problems is great in today’s global world: so far the market has dictated its conditions to all spheres of human activity. Economic relations, material values and commercial profit considerations form the basis of national and corporate interests. This means that economic processes have a direct influence on the environment and security, social development and the implementation of scientific-technical achievements. Global problem solutions depend on the level and direction of economic activity, because they have an economic nature.

The character of global economic problems is defined by the fact that they encompass the whole of the global economy. They originated in the 20th century when national economies divided into industrially developed countries (colonial countries and former colonial countries) and agricultural resource countries (colonies and former colonies). There is an opinion that most global economic problems have been caused by the effect of the expansion of industrialised countries and their domination in sectoral markets and consumer markets. 

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