The Development of the World Economy and the Impact of the Global Food Crisis 2022-2023

Purpose: The aim of to substantiate the theoretical and applied foundations for identifying the impact of the global food crisis of 2022-2023 on the development of the world economy. Design/methodology/ approach: The methodological basis of the study consists of fundamental methods of economic analysis and basic research, namely: synthesis, system analysis, comparison, analogy, graphical, tabular, generalization, systematization, grouping, k-means clustering, correlation, and regression analysis. Findings: As a result of the research, it was found that in 2022, the destabilizing impact of the global food crisis on the development of the world economy has increased. This led to a sharp rise in food prices, increased inflationary factors, and deepening poverty. Research, Practical & Social implications: A set of measures to counteract global and local destabilizing factors was proposed to overcome the crisis. Originality/value: The downward trends in the development of the world economy and its inability to effectively counter the challenges and dangers of our time have been revealed.