IMPACT BIG BUSINESS ON THE INTERNATIONAL ECONOMIC RELATIONS AND GLOBAL SECURITY IN THE YEARS 1618–1946

Authors

  • Oleksandr SOKHATSKYI West Ukrainian National University, Ternopil

DOI:

https://doi.org/10.35774/sf2024.04.180

Keywords:

dominant paradigm, alternative paradigm, international economic relations, global security, globalization, integration, liberalization, international trade

Abstract

Introduction. Collective West and the Global South, which is taking place during Russia's war against Ukraine, they continue to use such dominant paradigms of international cooperation as the liberalization of international trade, globalization, internationalization and the integration of national economies into the world economy, which are based exclusively on economic efficiency. The above has led to a significant undermining of global security.

The article uses a multidimensional approach to the historical past for the period 1618–1946 within the framework of imperial, comparative and transnational theories, which made it possible to prove the negative role of big business in the implementation of international economic cooperation between countries, which largely led to the deepening of inequality in economic growth, poverty, social revolutions, and colonial, local, regional and two destructive world wars.

The purpose of the article is to scientifically substantiate the negative impact of big business on the state of global security in the years 1618–1946 in the process of evolution of paradigms of international economic relations and the need to take this fact into account when developing new approaches to international economic cooperation of democratic countries with modern authoritarian and terrorist regimes.

Results. Four stages of emergence, formation and paradigm changes of international economic relations that significantly influenced the global security system from the initial pre-paradigm period of 1618-1648 to the formation of the dominant paradigm of business liberalization and international trade in 1648-1929 and its rapid replacement by Keynesianism with active participation and state control of these processes during the two world wars.

Conclusions. On the basis of a multidimensional approach to the past, it is proved that the economic motives of big business of authoritarian states leveled equality in the implementation of dominant paradigms of international economic relations, which generated inequality and fixation of poverty in less developed countries, provoking civil conflicts in the middle of states and wars between them.

Author Biography

  • Oleksandr SOKHATSKYI, West Ukrainian National University, Ternopil
    Ph. D. (Philosophy), doctoral student

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Issue

Section

INTERNATIONAL ECONOMIC RELATIONS

How to Cite

“IMPACT BIG BUSINESS ON THE INTERNATIONAL ECONOMIC RELATIONS AND GLOBAL SECURITY IN THE YEARS 1618–1946”. World of Finance, no. 4(81), Jan. 2025, pp. 180-93, https://doi.org/10.35774/sf2024.04.180.

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