The monograph is devoted to an in-depth study of the basic drivers, trends and prospects of modern world economic development. On the basis of an overview of the topical economic literature the author gives his own vision of the global economy’s fundamental drivers. Three of them are identified in the book: globalization, computers and China’s opening to the world. As the available statistics show, globalization of economic activities pushed up the rapid growth of production, international trade, foreign direct investment, migration, and the spread of technology. Computer and computer-based manufacturing high technologies have a considerable effect on productivity and economic growth. Globalization and computers led to enormous changes in manufacturing, management, households, as well as in the everyday life of billions of people. Special attention is given to China’s factor in global development.