sustainable development, globalization, balanced development, harmonization of the world economy


The article studies the concept essence of the "sustainable development" as the basis of the threefold concept of ecological, socioeconomic development. The issue of the peculiarities of the current stage in the world economy development, its nature, factors and relationship with globalization has been studied. The aim of the article has been to prove the need to find new forms of economic processes organization of the global economy, focused on dematerialization of production, its intellectualization, digitalization, the use of genetic engineering and biotechnology. To conduct the research presented in the article, the methods of comparative analysis were used to compare the indices of sustainable development of post-socialist countries in the UN global ranking of sustainable development; graphical method - for visualization growth rate of SDIs; generalization method - to form the conclusions of the study. It has been concluded that the transition from the ideology of accumulating material wealth to the ideology of "reasonable sufficiency", from the ideology of competition to the ideology of mutual assistance, the formation of a balanced system of environmental management and greening of technologies in industry, the creation of social systems of standards that would help maintain the required level of equity in the distribution of benefits will let achieve global sustainable development.


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Author Biographies

Iryna Tarasenko, Kyiv National University of Technology and Design

Doctor of Science (Economics), Professor, Kyiv National University of Technologies and Design, Kyiv, Ukraine

Antonina Verhun, Kyiv National University of Technologies and Design

Ph.D. (Economics), Associate Professor, Kyiv National University of Technologies and Design, Kyiv, Ukraine


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How to Cite

Tarasenko, I., & Verhun, A. (2021). SUSTAINABLE DEVELOPMENT AS A CONCEPT IN THE RAPIDLY GLOBALIZING WORLD ECONOMY. Economics, Finance and Management Review, (4), 25–34.



Chapter 1. Current trends in economic development