GLOBAL OPPORTUNITIES AND PRIORITIES IN THE DEVELOPMENT OF THE WORLD ECONOMY

Abstract

Uncertainty in trade policy, slowing down of international cooperation, reduced investment and unpredictability in the future development of the global economy necessitate a restructuring of relations and a reduction in confrontation between participants in the global market. Global processes aimed at expanding free trade between participants, cooperation within the World Trade Organisation, and international cooperation in trade and other areas are showing steady signs of slowing down. Opportunities and joint initiatives are limited by geopolitical confrontation, which has led to increased confrontation and global markets. The coordination and rationality of joint decisions must be complemented by effective dialogue, which will ensure positive trends in the development of the global economy and strengthen the positions of global market participants, neutralise threats and expand global opportunities. There is a need to transform cooperation and identify alternative models for further interaction, as deglobalisation, isolation, localisation and fragmentation can significantly slow down the further development of the global economy and opportunities in various areas of global partnership. Global opportunities in world development should be directed towards development and progress, ensuring a fair, sustainable and innovation-oriented future. International cooperation and a focus on global (sustainable) results will make it possible to balance interests in the political, socio-economic, environmental, and technical-technological spheres, which, as a result, will contribute to the development of the global economy not on the basis of ultimatums and protectionism, but with regard to the equal opportunities of all participants in the global market. Inclusive cooperation can transform relationships and reduce uncertainty, including in the trade sector. Increasing trust and tolerance, fulfilling not only formal obligations but also mutual respect and compromise, neutralising irrationality, taking into account the mental characteristics and cultural values of the parties, diplomacy, reducing confrontation and focusing cooperation on a common result are the pressing needs of the modern world. The architecture of world security is based on global opportunities and prospects that can only be ensured through predictability of the future and fair trade relations.