Subject Now we observe an economic-political-technological shift from the West to the East, with increasing influence of Asian countries on the global economy. This fact influences significantly the balance of power in the world, and leads to formation of new competition and cooperation centers. Under global turbulence, it has become obvious that management of the global economy is virtually impossible from a single center of power. Objectives The purpose is to offer a model of formation of geostrategic economic blocs at the stage of the multipolar system development, and to define positions of certain countries and parts of the world under global instability. Methods The study draws upon historical and logical, statistical, and comparative analyses, and the scientific abstraction, which allowed us to define centers of competition and cooperation in the global economic sphere. Results We offer a unique definition of the geostrategic economical bloc concept in the context of the multipolar system formation. On this basis, we present an abstract model of their functioning in modern conditions. Each geostrategic block has its leader in the military-political and economic sphere (USA, Germany, China). They are key centers through the lens of the global economic crisis. Conclusions Russia is a member of various organizations and communities. Nevertheless, it is difficult for it to stand up against the existing or emerging geostrategic economic blocs. It is expected that management of the world economy may pass into the G20 format over the medium and long term.
Keywords: crisis, sanctions, global economy, European Union, USA
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