A NEW APPROACH TO CLASSIFYING GLOBAL ECONOMIC DEVELOPMENT THEORIES

Egine Karagulyan

doi:10.52957/2221-3260-2025-3-111-129

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A NEW APPROACH TO CLASSIFYING GLOBAL ECONOMIC DEVELOPMENT THEORIES

Published in Theoretical economics · Issue 3 · Pages 111–129 · Rubric: MODERN PROBLEMS OF THE WORLD ECONOMY

DOI: https://doi.org/10.52957/2221-3260-2025-3-111-129

Received: 12.03.2025 Accepted: 12.03.2025 Published: 08.05.2025

Authors

Egine Karagulyan

ORCID

Egine Karagulyan

Academic degree: candidate of economic sciences

Science rang: docent

Institute of Economics, Ural Branch of the Russian Academy of Sciences Senior Researcher · Russian Federation · Ekaterinburg

University of Tyumen Assistant Professor · Russian Federation · Tyumen

ORCID

ABSTRACT

The academic literature contains a large number of studies devoted to the theory of global economic development. However, there is still no established theory of global economic development. The presented studies differ in the methods they use as well as in the underlying assumptions, factors and driving forces. These criteria are most often used to classify theories of global economic development, which does not fully reflect the diversity and interdisciplinary nature of research in the field of global economic development. Classification methods are of great importance for solving scientific problems in economics. A clearly constructed classification has great heuristic power and allows taking into account the results of the previous development of the world economy and at the same time to determine the beginning of a new stage of its development and to predict the existence of previously unknown links and dependencies between entities and processes occurring in the world economy. The purpose of the article is to systematise the existing theories of world economic development in order to develop new criteria and characteristics for classifying theories of world economic development. The article presents the author's approach to classifying theories of world economic development. The main research methods were critical and systems analysis of theories of development of economic systems, as well as various classification methods. During the study, more than 100 of the most cited works in the field of development theory were selected and analysed according to the classification characteristics. On the basis of the identified preconditions, factors, driving forces of development and the nature of the ongoing changes, 10 classification criteria of theories of world economic development were determined, which can be used in the development of a methodology for the assessment of transformation processes in the world economy. The obtained results are of interest for researchers and specialists working in the field of world economy and international relations. Further directions of the research are connected with the development of a methodology for the assessment of transformation processes in the world economy.

KEYWORDS

theories of global economic development, theories of global economic transformation, factors of global economic development, prerequisites of global economic development, typology of theories of global economic development.

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Karagulyan E. A. A NEW APPROACH TO CLASSIFYING GLOBAL ECONOMIC DEVELOPMENT THEORIES // Theoretical economics. 2025. no. 3. pp. 111-129. DOI: https://doi.org/10.52957/2221-3260-2025-3-111-129. (Date of access 19.10.2026).

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Egine Karagulyan. "A NEW APPROACH TO CLASSIFYING GLOBAL ECONOMIC DEVELOPMENT THEORIES." Theoretical economics.3 (2025): 111-129. DOI: https://doi.org/10.52957/2221-3260-2025-3-111-129.

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Karagulyan E. A. (2025). A NEW APPROACH TO CLASSIFYING GLOBAL ECONOMIC DEVELOPMENT THEORIES. Theoretical economics(3), 111-129. https://doi.org/10.52957/2221-3260-2025-3-111-129

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Egine Karagulyan. "A NEW APPROACH TO CLASSIFYING GLOBAL ECONOMIC DEVELOPMENT THEORIES." Theoretical economics, no. 3 (2025): 111-129. https://doi.org/10.52957/2221-3260-2025-3-111-129.

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{{cite journal | author = Karagulyan E. A. | title = A NEW APPROACH TO CLASSIFYING GLOBAL ECONOMIC DEVELOPMENT THEORIES | journal = Theoretical economics | year = 2025 | issue = 3 | pages = 111-129 | doi = 10.52957/2221-3260-2025-3-111-129 }}

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