Market economy on the contemporary stage of development: a passing disease or a structural crisis?

Abstract

The aim of the article is the analysis of the factors eff ecting the mechanism of the modern cyclical movements of the market economy and the prospects of the world economy for the years to come. The author comes to the conclusions, that a noticeable deterioration of the recent world economic development and its prospects does not mean that the market system has exhausted the potential for growth. A rapid economic expansion of some developing countries, fi rst of all China and India, changes the world economic structure, but at the same time strengthens the general foundation of the market economy.