The crisis of globalization and the future structure of the new course 'Development Economy'

A popular discipline in the system of economic education - development economy - for a relatively short historical period has made a remarkable way from a collection of economic growth models for developing countries to a multidisciplinary integrativeplatform of many functional economic disciplines. It considers current burning issues in the development of the global economy, including the new-fangled agenda of sustainable development. Nevertheless, the methodological basis of modern Western courses and curricula in development economy retains the original features of the neoclassical paradigm based on the principles of equivalent exchange in international economic relations and the non-alternative nature of globalization processes. The article shows that both of these basic prerequisites have become obsolete in the course of the protracted crisis of globalization. The growing national debt of the USA is one of the forms of unprecedented redistribution of world resources in favor of one country on an extremely non-equivalent basis. Re-shoring and insourcing, opposite to off shoring and outsourcing, are spreading in the U.S. economy, the leader and designer of the now compromised globalization processes, undermining the technological basis of universal development recipes that are still presented in development economy courses as a highly scientific product of profound theory. The search for a new ontology and epistemology of the development economy is vital for Russia as a country catching up with modernization at the current next turning point in world economic dynamics. The author proposes a new integrated concept of the course ‘Development Economy’, generalizing the latest popular theories of socio-economic development.