Abstract:

Despite the fact that almost nine years have passed since the beginning of the global financial crisis of 2008, the world economy has not reached a stable development path. Within the framework of the article it is shown that the crisis has a regular character, caused by the cyclical nature of the development of the world economy. The basis of the methodology is the analysis of the dynamics of the International Monetary Fund data, including the MSCI World integral index, reflecting the global tendency of the stock market, macroeconomic, demographic indicators, money supply indicators, etc. As a result, it was revealed that the current state of the world economy speaks about the formation of a period of transition to a new technological order, which, first of all, is determined by energy supply. The authors concluded that any technological base depends on new energy, which should significantly differ in energy efficiency. This is justified by the fact that capitalist development requires the growth of energy intensity of products, volumes of energy consumption. The efficiency of new energy resources is determined by the assessment of energy costs for extracting energy resources, the quality of energy resources, and the costs of extraction. It is obvious that the transition to a new technological order will be determined by the growing interest in biofuels, shale oil and gas. However, the energy efficiency of these fuels is low, and in recent years there has been no transition to a new energy resource.