Conceptual Principles of Global Coordination of Economic Development Strategies.

The article is dedicated to a comprehensive study of the essence of global coordination of economic development strategies, estimation of the latest coordination trends and possible scenarios. The article classifies the conceptual apparatus, represents the author's interpretation of the content of global coordination of economic development strategies. The article fixes the principles of developing a coordination system, offers a typology of global coordination of economic development strategies, which considers its levels, directions, nature, term, form and profile. The authors made a periodization of the development of the theory of coordination, studied the evolution of the essence of global coordination of economic relations, fixed the determinants of coordination of economic development strategies. Based on the quantification of the impact of official development assistance on global economic growth, poverty and carbon emissions for the period 1998-2019, the article states that the use of development assistance needs to be improved to increase its impact on economic growth, reduce poverty and the negative impact on environment. The authors demonstrated that official development assistance does not correlate (statistically insignificant coefficients) with GDP per capita, the share of the poorest population, and global carbon emissions. Coordination instruments and tools aimed at changing the structure of the economy towards strengthening the tertiary field, economic options for rising public spending and increasing labor efficiency, play a significant role at the global level to resolve environmental and social issues in the overall strategy of sustainable development. The paper concerns a coordinated global effort to close the gap between leading countries and outsiders in economic development. The authors noted the non-balanced effectiveness of global coordination of strategies in countries with different levels of development. Developed countries have strongly used the opportunities of international coordination to ensure sustainable social and economic development, attracted all available options to improve the technological level of their economy, including both official development assistance and various other channels of preferential financing. It is noted that low-income countries remain at risk of lagging behind developed countries, given the gap in the development of technological innovations. The article fixed and summarized the geopolitical, organizational and economic, procedural and technological problems of effective functioning of traditional institutes of global coordination and regulatory architecture. The paper substantiated scenarios for the development of global coordination and prospects for the coordination of economic growth strategies in the format of global governance, as well as proposed the measures to increase the effectiveness of coordination tools and informed decisions in the latest multifactorial paradigm of global governance. [ABSTRACT FROM AUTHOR]