Abstract
The article focuses on the negative influence of globalization on the world economy. The purpose of this research is to systematize the global processes and outline the paradoxes of its development. The article defines the etymology of the term globalization and cha-racterizes its scope of use. It analyzes the origin and formation of the globalization the-ory, while also systematizing its main areas of investigation. The research explores the fundamental disagreement as to how to conceptualize the phenomenon of globalization. The process of rethinking social change is studied, particularly to the extent that it relates to labelling the existing forms of activity. A systemic critique of global processes is pre-sented, together with its basic critical comments. The article discusses the global pro-spects of tectonic shifts, which are bound to cause critical changes in the global environ-ment, leading to corresponding changes in the world megatrends. This is proof that the alterglobal model should implement new principles of a global system based on social partnership, state protection and welfare.
Highlights
The term globalization came into use to designate a new stage of economic internationalization; one characterized by an increasingly prominent role played by external factors for the development of all countries in the world, creation of transnational capital, as well as a strengthening of the global integration process in consequence of the global operations of TNCs
Its essential features increase the efficiency of the world economy, economic and social progress of humankind
The outlined problems impact upon the issue of a new model of the world economy, which should be alternative and global
Summary
The term globalization came into use to designate a new stage of economic internationalization; one characterized by an increasingly prominent role played by external factors for the development of all countries in the world, creation of transnational capital, as well as a strengthening of the global integration process in consequence of the global operations of TNCs. Simultaneously, various perspectives have been offered on the structure and logic of the globalization process, ranging from globalization of objections to globalization of absolutisation. The issues related to this problem nowadays includeits recent emergence, its great practical importance and lack of theoretical grounding. These factors have contributed to the choice of the research goal of this study, i.e. assessment of theoretical and methodological foundations of the development paradoxes of globalization
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
