Abstract
The authors explore the problem of contemporary globalization and management of socioeconomic development. They stress the role of world money i.e. virtual capital. In particular, they deal with the method of separating the financial system from the real economy and the problem of the management in the conditions when corporations have all the power. They promote the need to develop awareness for strategic control of resource utilization and their reproducibility. The authors highlight the difficulties that come with integrations, ranging from protectionism to autocratic behavior, as well as unprecedented debt growth. Bankruptcies are increasing without a tangible solution.
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