Economic prospects of the world investment system

Abstract

Background. The trend towards a slowdown in the growth of the world economy, which prevails after the crisis of 2008–2009, and the strengthening of macroeconomic instability, gives the study of the global development process a special urgency, stimulating the search for new approaches to analyzing and solving these problems. It seems that one of these approaches can be connected with the development of the economic mechanism of the global investment system, which opens new opportunities for regulation of the processes of international development.
The aim of the article is to develop the principles of the functioning of the economic mechanism of the world investment system, which allows to solve the problem of the balance between global savings and investments, which hinders the growth of the world economy.
Methods and materials. The article are based on modern methodology of macroeconomic analysis of empirical material on global equilibrium and its modern disruption in the process of capital accumulation and the formation of a global surplus of savings. In the methodology of studying the problems of the world investment system, an important place is occupied by the principle of concrete historicism, according to which economic relations, institutions and methods of regulation are specific for each historical epoch.
The results of the research. The article considers the theoretical model of a global investment system built on a two-level principle. The lower level of such a two-tier model forms private investments, and at the second, upper level, a development institution is proposed that actually plays the role of a global investment bank. He does not issue loans, but buys shares of new enterprises even before they start to be created. Thus, the system finances the acquisition of machinery, equipment, construction of buildings, structures and the whole process of creating new enterprises, and then, when they start working, sells new enterprises to private hands. In the future, these enterprises can operate on a private-corporate basis and compete with other enterprises in the market. The money received from the sale of the established enterprise is again invested in the creation of new and new enterprises. As a result, there is a closed cycle of circular movement of capital. Such an investment system is capable of providing a vigorous modernization of the economy on the basis of the repeated use of the same initial capital.
Conclusion. We come to the conclusion that it is also profitable for the USA to create such an investment system and test it in Ukraine. The most fundamental conclusion is that overcoming the current crisis of globalization must be sought on the way to a new, post-industrial model of global leadership, in the center of which there is a world investment system built on a two-level principle.