The Concept of Balanced Development of Bilateral Trade and Economic Relations of the Countries as a Principle of Minimizing Dependent Development

The existence of the modern world system is complicated by the expansion of imbalances between the center and the periphery. The unfairness of the current world order is aggravated by the current imperfection of international institutions. The purpose of this study is to identify the key problems of economic dependence and to introduce into scientific circulation the concept of balanced development of bilateral trade and economic relations of the countries as a principle of a new economic formation. Among the problems of economic dependence, the insurmountable technological backwardness, overexploitation and low wages, social stratification, excess and monopolization, inefficiency of international organizations and international assistance, capital deficit and unbalanced growth, and inapplicability of the experience of developed countries are highlighted. Special attention is paid to the imperfection of the new development in the context of trade wars and sanctions restrictions. The concept of balanced development of bilateral trade and economic relations of the countries represents the orientation of countries towards gravitational equality in realizing the existing potential of bilateral economic cooperation, which solves the key problems of an uneven world order. The threats arising in the process of implementing this concept are noted, including the increase in the cost of imports, the nationalization of the economy, the seizure of the intermediary services industry by multinational companies, debt crises, and political difficulties in implementing the principle in international organizations. This approach is a kind of “contract” between developed and developing countries.