World economic crisis and its consequences

The article analyses the reasons and conditions of the world economy entering into the acute financial crisis with the consequent recession. The attention is paid to the complex nature of the crisis which is connected with the fact that it interweaves traditional cyclical parameters with sharpened structural disproportions and system defects of the emerged speculative-financial model of the capitalist economy. It vindicates the need to change the type of the world economic order and national economic systems and defines its possible directions.