Modern World Economy and East Asian Model : Focusing on California School

2019 ◽  
Vol 5 (3) ◽  
pp. 35-64
Author(s):  
Hong Seok Jeon ◽  
Author(s):  
E. Smirnov

At the present stage, the world economy is experiencing a difficult stage of development, which is determined by many factors, in particular, the dynamics of economic growth, the increase in global inequality, and the mixed influence of digital transformation processes. The article analyzed the main trends and risks of modern world economy development, as well as identified key aspects of multilateral regulation and restoration of economic balance on the international scale.


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