The genesis of development in economics
Abstract. The world economy in modern conditions is quite specific, based on intensive processes of internationalization and integration of production and circulation, international division of labor, and operates on the principles of a market economy. The organizational and economic phenomena and processes that occur due to the pursuit of the geopolitical interests of a number of states, objectively, do not contribute to the balanced development of the world economy. In this regard, the article considers the issue of the genesis of economic development, analyzes the points of view of representatives of various economic schools in chronological order, classifies theoretical approaches to the study of economic development. As a result of the conducted research, the definition of economic development is given.
Keywords: genesis, economic development, national economy, theoretical approaches.
Highlights:
♦ analysis of theoretical approaches that determine factors of economic development of systems;
♦ identification of economic development trends in the context of global transformation of the world
economy;
♦ economic development has a number of qualitative and quantitative measurement systems and can have both positive and negative effects on the national economy.
Maxim S. Zlotnikov - Institute of Management and International Business of the Siberian State University of Science and Technology named after Academician M.F. Reshetnev, Krasnoyarsk, Russia; Svetlana K. Demchenko, Yulia Yu. Suslova, Andrey V. Voloshin - Institute of Trade and Services of the Siberian Federal University, Krasnoyarsk, Russia