Abstract: After many decades, the problem of sustainable economic growth for the world economy still remains relevant among researchers. At the same time, readjustment and transformation of economic relations between countries causes serious imbalances of the ambiguous nature that are limiting the growth of the world economy in the long term. The aim of this [...] Load More study was to conceptualize the destructive factors and potential opportunities for accelerating global economic growth against the background of crisis and turbulence in global economic development. A hypothetic-deductive method of scientific knowledge was used to propose an original hypothesis about the presence of a trend toward the diametrical reversal of the modern cycle of global economic growth; the transformation of globalization from convergence to divergence; and the loss of flexibility in regard to the global economy’s system of regulation. Historical and logical methods were used to analyze international trade's level of influence on economic growth in retrospect and in modern conditions, and to argue the distinctive features of these influences. Analysis and synthesis allowed the authors to identify evolutionary changes, as well as the role of transnational companies as drivers of global economic growth. The method of statistical observation and comparative analysis identified and differentiated major risks of global economic development. An analysis of trends in the development of economies in a regional context (i.e. China and the European Union) is presented, and the main factors that slow down these countries’ economic development are highlighted. A deductive analysis is used to substantiate the directions of international cooperation for reducing the progressive inequality between countries, considering the opportunities and problems of developing countries. The results of the research indicate that the complementary influence on future development of the world economy will settle disagreements in international trade and ensure cooperative efficiency between countries to overcome imbalances of the modern world economy. The results have a practical value and can be useful to government officials and international organizations in developing a strategy for maintaining sustainable and inclusive economic growth at the global level.

Keywords: economic growth, global economy, international trade, transnational companies, imbalances, risks