Ashot Yengoyan

The modern paradigm of global development is based on neoliberal values. Many representatives of political science call it “neoliberal monetarism”. The modern monetary and financial system allows the issuing country of the world’s reserve currency to control and direct political and economic processes worldwide fully. The existing system of institutions and technologies conflicts with the interests of many countries that ensure stable economic growth and occupy leading positions in the world economy and politics. At present, the process of rapprochement of these countries is taking place, which is aimed at the final formation of a new world center – the Global South. The formation of ideological principles that can unite the countries of the Global South is of great importance. First of all, this refers to their vision of the basic principles of the functioning of the new world financial and economic system.