Modeling the System of Development of the World Economy in the Conditions of Innovative Globalization Society

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Abstract

The article substantiates the priority of intellectualization in the formation of the paradigm of civilizational development of world economies. The object of the study is the processes of development of the world economic system. The subject of the study is a set of theoretical, methodological and practical provisions on the process of intellectualization of the economy, taking into account the information volume of innovative and creative components. The purpose of the article is to substantiate the processes of economic development of the world system, taking into account all changes and realities of modern globalization processes. The article deals with the phase coordinates of the economic system: innovative and creative, which are growing functions. The coefficient of intellectualization of the economy of the country is introduced and innovative thinking is represented by the operator who is applied to the volume of innovative knowledge. The development of an economic system is defined as the solution of the Sturm - Liouville problem, as the Cauchy problem for a system of first order ordinary differential equations. A differential equation is described, which describes the exponential law of self-growth of one's own array of innovative information in the process of innovative thinking. It is shown that for the present stage of development of economies of the world system is characterized by the coming of an era of intellectually-innovative paradigm, taking into account the actualization of formation of fundamentally new trends based on the priority of creation and use of intellectual resources acquired in the process of constant cognition. The graphical interpretation of the process of development of economies in which the array of innovative information is changed only due to innovative thinking is presented. The graph for developing economies in which the array of innovative information is changed only due to innovative thinking is given. It is proved that under the same initial conditions, but with different innovation levels, the economies of developing countries in the phase plane move on divergent trajectories. It is proved that the modern innovation economy is caused by a hierarchical structure, which is built on the level of innovative development, which is adequate to the size of its own array of innovative information with a creative group at the top.

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APA

Shvidanenko*, A. … Shvidanenko*, O. (2020). Modeling the System of Development of the World Economy in the Conditions of Innovative Globalization Society. International Journal of Recent Technology and Engineering (IJRTE), 8(5), 1581–1586. https://doi.org/10.35940/ijrte.d9445.018520

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