INNOVATIVE APPROACHES TO GOVERNING THE WORLD ECONOMY

Abstract

This article analyzes the growing importance of innovative approaches in governing the world economy amid digital transformation, geopolitical fragmentation, green transition and rapid technological change. It argues that the reconstruction of global value chains, the expansion of platform-based markets, the diffusion of artificial intelligence and the tightening role of standards are reshaping the logic of economic management at both national and international levels. The paper focuses on data-driven governance, digital infrastructure, AI-assisted decision-making, innovative finance, standardization, human capital development and cross-institutional coordination. The central thesis is that innovation in economic governance should not be reduced to technological novelty alone; it should also be understood as a qualitative improvement in strategic foresight, risk management, policy adaptability, transparency and inclusiveness. Based on a comparative analysis of recent international reports, the study formulates practical recommendations for governments and international organizations seeking to strengthen resilience and competitiveness in an increasingly uncertain global environment.