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This article assesses the impact of sovereign countries in global financial governance. It uses the methodology of international political economy that studies the interaction between political and economic processes in the international arena. It shows the dualistic nature of international financial institutions, which, on the one hand, represent intergovernmental organizations and, on the other hand, are financial institutions with financial goals. The author investigates the principles of sovereign equality, equitable geographical representation and equal (parity) representation of groups of countries with distinct interests in the International Monetary Fund (IMF), Group of 20 (G20) and Financial Stability Board (FSB). The IMF's decision-making mechanism is shown in detail, including its executive board and the recent redistribution of quotas among member states, with special attention on the formula for calculating quotas, its criticism and possible reform. The article shows the major causes of reducing the impact of the IMF and the formation of a new, globally distributed system of financial governance. The article shows the hierarchy (by function as well as by country representativeness) of the system of global financial governance, established by 2010. It discusses the leadership of countries according to quantity and to key indicators (revenues, assets and market capitalization) of global systemically important financial institutions (banks and insurance company). Based on countries' membership in the G7 and the G20, the FSB, IMF, Organisation for Economic Cooperation and Development, and Bank for International Settlements countries are designated as at the core, semi-periphery or periphery of the international financial system in the context of the world systems theory. The influence of the technical elite, prevailing in the international financial sector, as well as the qualitative composition (education) of its members are revealed. The article concludes that there is significant polarization in the international financial system (core and the socalled marginal majority). Unlike the IMF, the newly created global financial institutions of the G20 and FSB fully comply with the principles of equitable geographical representation and parity representation of states with distinct interests.

The work considers topical issues of international economic relations of Uzbekistan. An analysis of the development of Uzbekistan's integration into the world economy is being conducted. The main government documents aimed at deepening economic reforms and structural reforms in the country's economy are given. A brief analysis of domestic economists and data of international economic bases formed the basis of this work. Political and economic relations as a basis for international cooperation in recent years have been reviewed and analyzed. Priority directions of the country's economy have been identified and the problems and prospects for the growth of Uzbekistan's international cooperation with neighbouring countries and Europe have been assessed. In conclusion, the conclusion is made about improving the functioning of market infrastructure and creating an effective market mechanism.

Content Syndication

The article proposes a rationale to expand the concept of humanitarian diplomacy. Based on scientific research, the author proposes to escape from a narrow understanding of humanitarian diplomacy as providing humanitarian assistance and assistance to vulnerable groups of the population. An attempt is made to form a single umbrella concept of diplomacy, which would include all types of modern diplomacy that are aimed at protecting a person, his values of ideals.

The scientiic and technological (S&T) development of the Russian Federation is one of the government top priorities. In the context of globalization, a clear image of the country's global S&T ranking can be helpful for decision making in science policy. The paper analyzes the main international statistical data banks which allow for cross-country comparisons of S&T capabilities and reviews various international rankings, including special innovation indices and rankings based on science and technology indicators, which provide opportunity to locate position of Russia in the global S&T and innovation landscape. The study is based on data from the World Bank, the Organization for Economic Cooperation and Development (OECD), UNESCO, international rankings relecting the countries' readiness for a knowledge-based economy: the Global Innovation Index, the Bloomberg Innovation Index, The IMD World Competitiveness, The Global Talent Competitiveness Index, the Networked Readiness Index. The article focuses on analysis of Russia's positions in international science, technology and innovation rankings. The discussion ends with the conclusion that despite rather high R&D expenditures and quality of human capital, R&D efectiveness and impact of S&T on the Russian economy are estimated as rather low.

In the present article the author tried to analyze the processes underway in the world political arena, give his assessments concerning some new global challenges and threats in the post-COVID period. He made an attempt to give a brief review of the current role and place of Uzbekistan in the regional and international politics.