Recent technological trends and, particularly, the global technology fracture affect power distribution in the world economy significantly. However, the problems that arises due to these tendencies and their possible consequences for the economic world order remain understudied. This study aims at assessing the impact of the global technology fracture on economic leadership in the context of the West-East development models’ contradictions, taking into consideration both interstate conflicts in the innovative field and the rising power of the big-tech companies. The procedure of the complex index constructing is employed in order to formalize the concept of leadership in the world economy and the panel data regression model is used for estimating effects of the technology fracture on it. The sample contains data on major macroeconomic and technological indicators for 30 Western and 10 Asian countries from 2010 to 2019. As a result, we concluded that the presence of a clear plan for the implementation of information and communication technologies by the state can have a positive impact on the economic leadership of the country, and the growing importance of technology giants has a negative impact on this indicator. Finally, this study is expected to contribute to a better understanding of the economic leadership concept among scholars and draw policymakers’ attention to the necessity of new regulations in the technological sphere