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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">manguu</journal-id><journal-title-group><journal-title xml:lang="ru">Управление</journal-title><trans-title-group xml:lang="en"><trans-title>UPRAVLENIE / MANAGEMENT (Russia)</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2309-3633</issn><issn pub-type="epub">2713-1645</issn><publisher><publisher-name>State University of Management</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26425/2309-3633-2025-13-2-66-79</article-id><article-id custom-type="elpub" pub-id-type="custom">manguu-792</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>УПРАВЛЕНИЕ В СФЕРЕ ЭКОНОМИКИ: ПРОБЛЕМЫ И ПЕРСПЕКТИВЫ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>MANAGEMENT IN ECONOMY: PROBLEMS AND PROSPECTS</subject></subj-group></article-categories><title-group><article-title>Замедление и дивергенция роста – барьеры для устойчивости современной мировой экономики</article-title><trans-title-group xml:lang="en"><trans-title>Slowing down and divergence in growth are the barriers to the modern global economy sustainability</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-9325-7504</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Смирнов</surname><given-names>Е. Н.</given-names></name><name name-style="western" xml:lang="en"><surname>Smirnov</surname><given-names>E. N.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Евгений Николаевич Смирнов, д-р экон. наук, зав. каф.</p><p>каф. мировой экономики и международных экономических отношений</p><p>109542; Рязанский пр-т, 99; Москва</p></bio><bio xml:lang="en"><p>Evgeny N. Smirnov, Dr. Sci. (Econ.), Head of the Department</p><p>World Economy and International Economic Relations Department</p><p>109542; 99, Ryazansky prospekt; Moscow</p></bio><email xlink:type="simple">smirnov_en@mail.ru</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Государственный университет управления</institution><country>Россия</country></aff><aff xml:lang="en"><institution>State University of Management</institution><country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2025</year></pub-date><pub-date pub-type="epub"><day>18</day><month>06</month><year>2025</year></pub-date><volume>13</volume><issue>2</issue><fpage>66</fpage><lpage>79</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Смирнов Е.Н., 2025</copyright-statement><copyright-year>2025</copyright-year><copyright-holder xml:lang="ru">Смирнов Е.Н.</copyright-holder><copyright-holder xml:lang="en">Smirnov E.N.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://upravlenie.guu.ru/jour/article/view/792">https://upravlenie.guu.ru/jour/article/view/792</self-uri><abstract><p>   Проанализированы и обобщены факторы и механизмы динамики глобального экономического роста на современном этапе. За последние десятилетия многие детерминанты усилили неопределенность в развитии мировой экономики, воздействуя на снижение совокупной факторной производительности через разные каналы.</p><p>   Целью настоящего исследования является оценка механизмов замедления и дивергенции глобального экономического роста, существенно ограничивающих устойчивое социально-экономическое развитие в масштабах мирового хозяйства, а также обсуждение сценариев и путей предотвращения замедления глобального роста.</p><p>  Обсуждены вызовы этого замедления для устойчивости мировой экономики, систематизированы новые тренды роста, проявившиеся в 2022–2024 гг. Дополнительным аспектом исследования стала оценка негативных рисков глобального экономического роста в перспективе, связанная с нынешними опасениями по поводу продолжающейся инфляции и рецессии. Определены механизмы, обусловливающие дивергенцию и неопределенность роста, в том числе на примере динамики, наблюдаемой в отдельных странах, и оценки экономической политики, реализуемой в этих странах (в том числе в части противодействия инфляции). Представлены несколько сценариев глобального экономического роста на среднесрочную перспективу, предполагающие реализацию возможностей по предотвращению замедления роста. Если в среднесрочной перспективе рост будет замедляться, это окажет негативное воздействие на конвергенцию доходов между государствами, поскольку бедным странам будет все сложнее догнать богатые. Имеют место распределительные последствия замедления роста в среднесрочной перспективе для глобального неравенства и благосостояния.</p></abstract><trans-abstract xml:lang="en"><p>   The factors and mechanisms of the dynamics of global economic growth at the present stage have been analyzed and summarized. Over the past decades, many determinants have increased uncertainty in the global economy development, affecting the decline in aggregate factor productivity through various channels.</p><p>   The purpose of the study is to assess the mechanisms of deceleration and divergence of global economic growth, which significantly limit sustainable social and economic development in the global economy, as well as to discuss scenarios and ways to prevent a slowdown in global growth.</p><p>   The challenges of this slowdown for the sustainability of the global economy have been discussed, and new growth trends that emerged in 2022-2024 have been systematized. An additional aspect of the study was the assessment of the negative risks of global economic growth in the future, related to the current concerns about ongoing inflation and recession. The mechanisms that determine the growth divergence and uncertainty have been identified, including using the example of the dynamics observed in individual countries and assessing economic policies implemented in these states (including in terms of countering inflation). Several scenarios of global economic growth for the medium term have been presented, suggesting the opportunities implementation to prevent a slowdown in growth. If growth slows down in the medium term, it will have a negative impact on income convergence between states, as it will become increasingly difficult for poor countries to catch up with rich ones. There are distributional consequences of a slowdown in growth in the medium term for global inequality and wellfare.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>экономический рост</kwd><kwd>совокупная факторная производительность</kwd><kwd>валовой внутренний продукт</kwd><kwd>инвестиции в капитал</kwd><kwd>дивергенция</kwd><kwd>факторы производства</kwd><kwd>международная торговля</kwd><kwd>неравенство</kwd><kwd>благосостояние</kwd></kwd-group><kwd-group xml:lang="en"><kwd>economic growth</kwd><kwd>total factor productivity</kwd><kwd>gross domestic product</kwd><kwd>capital investment</kwd><kwd>divergence</kwd><kwd>production factors</kwd><kwd>international trade</kwd><kwd>inequality</kwd><kwd>welfare</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Канунникова А.М., Карелина Е.А. и др. 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