GLOBAL ECONOMIC LEADERSHIP IN THE CONTEXT OF VALUE ANALYSIS

Authors

  • Tetiana ARTOMOVA Institute for Economics and Forecasting of the NAS of Ukraine

Abstract

Under the influence of political and economic initiatives of newly-elected US president and his administration, discussions on transforming the existing world order intensified significantly within intellectual circles. A denoted reformatting of forces and centers of global political and economic influence is associated with the strengthening of China's position in the global economic space. At the same time, the American political elite have no consent on the strategy concerning the Middle Kingdom, and, consequently, a split of views is brewing. In turn, this shows that the positions of the current global leaders are weakening; they are less able to intelligently organize not only the global economic space, but also the system of their own intra-economic relations. Under these conditions, the “monolithic” monotonicity of the “Chinese project”, backed by obvious economic achievements, could prove to be very in demand in the world.
However, the strongest argument in favor of the ability of a certain people to come out with a global historical mission is the continuous spiritual work of his outstanding thinkers. In this respect, China has something to rely on, because its value baggage was created during several millennia of civilizational development. At the turn of the XIX-XX centuries, huge intellectual efforts were made to rethink and modernize the historical heritage, crystallize the value doctrine of Chinese society and substantiate the universal significance of Confucian doctrine to the world.
Meanwhile, China's original value doctrine remains traditional. It is of a sociological and philosophical character and today needs further modernization - economic-theoretical rethinking. In this regard, China, with all the depth of its moral and ethical teachings, cannot claim the place of an unconditional global leader. Despite its growing economic strength from year to year, it is not in itself, but the ideological preferences of the West, (in particular the US as a center for professional economic research and the methodological monopolist of the mainstream), cause the global economic hegemony

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Published

15.10.2024

How to Cite

ARTOMOVA , T. (2024). GLOBAL ECONOMIC LEADERSHIP IN THE CONTEXT OF VALUE ANALYSIS. Economy of Ukraine, 60(5-6(666-667), 123–135. Retrieved from https://nasu-periodicals.org.ua/index.php/economyukr/article/view/2017-05-9