On the Issue of Transforming the Paradigm of Global Development

Abstract

This article analyzes the paradigm of modern global development, largely due to the existence of unipolar world order, currently undergoing a period of
transformation. The nature and content of the world political and economic system are influenced not only by globalization and geopolitical processes, but also various social and national movements at the global and regional levels, the attitude of the population of countries to one or another value system, as well as the state of the world economy and financial system. The modern paradigm is characterized by a commitment to the neoliberal-libertarian value system, designed to provide maximum individual freedom, democratic transformation, and the formation of market relations.