Abstract. This publication represents the material of the regular academic seminar “Modern problems of development” conducted by the IMEMO Center for the problems of development and modernization. The relationships between Center and Periphery, prospects for the development of the North and the South in the light of Kondratiev's long cycles theory, new technological modes and transformation of social institutions are discussed. It is forecasted that in the next ten years we will see new major conflicts in the Middle East, Central Asia, Pakistan, Afghanistan and the Korean Peninsula.
Keywords: world-system analysis, socio-economic and political dynamics, forecasts, Kondratiev's cycles, evolutionary cycles of international system, prospects for world development, development center, North-South, West, East
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