THE CURRENT STATE OF CRISIS THEORIES AND THEIR MANIFESTATION IN THE MODERN ECONOMY

Abstract

The purpose of the article is to describe the types and definitions of crises, the most understandable indicators of crises in developing and developed countries, the sequence of events during the onset of a crisis, and the current state of the economies of developed countries and Russia in the context of recession and sanctions. To achieve this goal, the following tasks are performed: the current state of theories of crises is studied, since financial crises are inevitable and the result of the liberalization of financial markets; types of crises and their indicators; a set of measures to establish “normality” after the pandemic has been defined. The authors used methods of analysis, modeling, monitoring of the main economic indicators based on retrospective data covering several recessions and analogies. In foreign literature, the problem of cyclical development of economic systems has been developed quite widely. I. Ansoff, K. Wicksel, J. Delbeke, K. Juglar, J. M. Keynes, J. Kitchin, S. Kuznets, K. Marx , J. Modelsky, A. Pigou, P. Samuelson, J. Sismondi, J. Schumpeter and other scientists. In domestic literature, its aspects were considered in the works of S.L. Afanasiev, S. Glazeva, N.D. Kondratiev, M.I. Tugan-Baranovsky, Yu. V. Yakovets and other scientists. Highly appreciating the results of the research of these authors, it should be noted that modern economic conditions require the development of the proposed approaches and ideas. In fact, it is economic crises that are almost the main incentive for breakthrough changes in economics. The study determined: types of crises, indicators of various types of crises, the current state of the economies of developed countries and Russia through the prism of these indicators; measures to overcome the period of recession in Russia. The conclusion is made about the need for constant monitoring of indicators to determine the onset of various types of crises. In modern conditions, the need for a set of measures, both economic and theories of philosophy, is determined to smooth out the recession.