Economy socialization as a factor in solving modern global problems

Abstract

Purpose. Research objective is to analyze the socialization of economy as a factor in solving global problems under modern conditions. Design/Method/Approach. General scientific methods are applied: systematization, comparison, generalization, analysis, and synthesis. Findings. Research results - modern global problems and challenges related to development were analyzed. A relationship between global problems and challenges and the types of countries of the world is elucidated. Key global problems for developing countries are identified. It is proposed to solve global problems by managing the potential of economy socialization. Theoretical implications. Theoretical significance of research is in the development of knowledge on the potential of socialization when solving global problems and challenges. Practical implications. Practical significance of research implies the possibility of application its results by global actors (international organizations, corporations, and individual states) in managing and resolving global problems. Originality/Value. Scientific novelty of research is in dividing the global problems by the types of countries in the world. A direction for the application of the economy socialization potential for solving global problems is defined. Further research. Prospects for further research include studying financial capabilities of socialization in solving global problems and challenges related to the modern development of countries in the world. Paper type - сonceptual.