Modern Trends in the Transformation of the World Economy

The article describes the most significant, from the author’s point of view, trends reflecting the development of the global socio-economic system. The focus is on globalization and its third stage – digital globalization. The next trend is lean consumption based on the model of the economy of shared consumption. Joint innovations, on the one hand, integrating the capabilities of various economic entities, creating new values, and on the other hand, having a destructive impact on traditional spheres of economic activity, are singled out as an independent trend of socio-economic development.  Accelerated changes taking place in various fields of activity under the pressure of the flow of innovations are noted. Finally, social transformation, which is expressed in cardinal changes in the parameters of the social environment and its internal relations, is also a modern trend of transformation of the world economic system.