Global challenges in the modern economy

Abstract

The article is devoted to the study of the modern global challenges that have a significant impact on the transformation of international economic relations, namely: the exacerbation of the struggle among global players for technological dominance, caused by the transition to a new technological order (digital economy), and the intensification of the struggle between TNCs and government structures for control over resources, caused by the growing power of TNCs and their desire to get rid of state control. It is noted that a change in the system of socio-economic relations, based on the widespread introduction of digital means of production, forms a new type of management of socio-economic processes, and the strengthening of the role of corporations in shaping countries’ economic policies generates risks of domination of corporate interests over public ones.