In this book authors tried to place before interested readers the world economic situation and prospects. Most recently, we have seen measurable improvement in the world economy. The book also have a substantial research and solutions focus. The first two decades of the XXI century. filled with a variety of new phenomena and trends that have become difficult challenges both for economic theory and for politicians, business person and ordinary people. Turbulence and unpredictability of development have reached unprecedented heights and acuteness in the world economy, regions of the world and individual countries. All this is reflected to varying degrees in the socio-economic development of Turkey and other parts of the world, which is also affected by the COVID-19 pandemic. The unprecedented world economic crisis, which began in 2020, exacerbated the problems of both globalization and individual countries. The whole complex of these problems is considered by the authors of the book which is distinguished by a systematic approach to the analysis of both general and particular issues of modern development and general economic theory.