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INTERNATIONAL STRATEGIES FOR ECONOMIC DEVELOPMENT

Ensuring the process of economic development is extremely complex and it is carried out under the influence of a whole range of different contradictory and sometimes mutually exclusive factors. Experience shows that the idea of the historical conditionality of development, progress, social evolution finds its practical application not directly to the individual socio-economic system, but as a general direction, the vector of movement of world civilization. The purpose of the study is to conduct a comprehensive study of growth strategies of "breakthrough" economies and developed countries to identify features of their development.The methodological basis of the study was the works of domestic and foreign scientists, which reveal the essence of the strategy of economic development of different countries. The comparative analysis, historical analysis, and statistical method were used in the study. Results of the study.In the study, growth strategies of "breakthrough" economies and developed countrieswere analyzed and systematized.Characteristic features of strategies for the development of "breakthrough" economies and developed countries were also highlighted.Among the common features of economic development strategies of countries with breakthrough economies are the following: withdrawal of maximum benefits from the openness of the world economy; support for macroeconomic stability; support for high growth rates of savings and investment, public investment in infrastructure; giving markets the opportunity to independently manage the allocation of resources; the presence of an ideological and qualified government. The results obtained have significant practical value and can be used to improve economic development policies and reduce inequalities between countries in the world.The authors conclude thatthe pace of economic growth of the country is most often determined by the pace of its technological progress. Strengthening productive capacity can help developing countries and the least developed countries to achieve sustainable economic development, reduce poverty, reduce inequality, increase exports.