Journal of Economics Theory

Year: 2018
Volume: 12
Issue: 1
Page No. 8 - 21

Matrix of the Industrial Wave of Civilizational Development

Authors : Glazyev Sergei Yu., E. Ajvazov Aleksandr and A. Belikov Vladimir

Abstract: The study deals with the problems of interrelation between mac-roeconomic processes and “tectonic changes” occurring in the modern world. The current global crisis revived interest in economic cycles not only of researchers but also of the wider public. Cyclicity has been and remains the most important feature of socio-economic macrodynamics. Therefore, the analysis of economic cycles, the study of their structure and factors of development, interrelations and interdependence with social forms and institutions is undoubtedly one of the most important directions of scientific research. The matrix of the industrial civilizational wave is an attempt to reveal the main factors of the processes that took place in the world economy over the last 250 years. The systematization of these factors and the determination of the main relationships between them will reveal the causes and mechanism of the serious changes taking place in the modern world. The construction of the matrix is based on the general findings of many years of research by the world’s leading scientists who believe in the cyclical character of evolutionary development. The analysis of the global economic development over the past 250 years allows us to predict the further development of the world for the next 30-40 years and to outline the main directions of development until the end of this century.

How to cite this article:

Glazyev Sergei Yu., E. Ajvazov Aleksandr and A. Belikov Vladimir, 2018. Matrix of the Industrial Wave of Civilizational Development. Journal of Economics Theory, 12: 8-21.

Design and power by Medwell Web Development Team. © Medwell Publishing 2023 All Rights Reserved