Journal
УКР   ENG
Socio-Economic Problems
of the Modern Period of Ukraine
   



Collection SEPSPU -- sep2025.04.063

Repository of Institute of Regional Research UDC 339.9:330.34; JEL F02, F43, F60, O11, O40
. Characteristics and stages of global economic progress in the 21st century. In Sotsial'no-ekonomichni problemy suchasnoho periodu Ukrayiny [Socio-Economic Problems of the Modern Period of Ukraine]: Vol. 174 (4) (pp. 63-71). DOI: https://doi.org/10.36818/2071-4653-2025-4-8 [in English].
Sources: 15

Authors



Zapukhlyak Vitaliy Zinoviyovych

Ph.D. of Economics

Doctoral Postgraduate of the Department of international economics of the Western Ukrainian National University

Contacts: vitaliyzapukhlyak@gmail.com, v.zapukhlyak@gmail.com

Webpages:

Resume

The article examines the key characteristics and stages of global economic progress in the 21st century amid transformations and the emergence of a new world order. The main approaches to scenario modelling of the world order are analysed. The author shows that multidimensional structural changes shape the global progress and it acquires a non-linear nature. The main characteristics of progress, such as the role of international trade, investment, and social parameters, are defined. Based on an analysis of global GDP, trade, investment, and unemployment trends, the article argues that it is not only the level of growth that is the key factor, but also the ability of economic systems to recover and adapt in the face of global shocks. Correlation and regression analyses reveal the dominant influence of trade and the significant role of investment in shaping the long-term trajectory of progress. The social dimension of global economic progress is confirmed, and its reliance on social characteristics is substantiated. The article identifies asymmetry in development between groups of countries and emphasises the need to manage structural imbalances. It also suggests a periodization of global economic progress reflecting the transition to a modern model of structural reorientation.

Keywords:

global economic progress, world order, global economy, economic development, economic growth, international trade, investment, unemployment, resilience, institutional changes, crises, social progress

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