THE INFLUENCE OF GLOBALIZATION PROCESSES ON MODERN ECONOMIC SYSTEMS

Abstract

The article examines the features of the globalization process and reveals its essential characteristics. The positive and negative impact of globalization processes on the development of national economies is analyzed. It is pointed out that globalization, from the economic point of view, is characterized by increasing influence of external economic factors, where a single world market is formed, which dictates equal conditions for all its participants. It is emphasized that competition, which increases due to the introduction of advances in science and technology, accelerates production, generates new ideas for products and services, the formation of knowledge about the effective functioning of capital markets and technology. It is proved that the functioning of the national economy in the context of global world relations is largely reflected through international trade. Today, world trade is the most active form of international economic relations. It is pointed out that in the conditions of intensification of globalization processes the state economic policy should be formed in the direction of transition from export-oriented development strategy, where raw materials are dominant, to strategy of intra-oriented development with saturation of domestic consumer market. It is generalized that globalization as an objective process has a direct impact on the development of the national economy in general and the domestic consumer market in particular. It is emphasized that the essence of economic globalization is to strengthen the role of investment, industry, individuals and information. It is stated that international competition leads to contradictions between the national economies of different states. It is concluded that globalization and increasing international competition require new approaches to the development of national economies. The study of the essence of globalization was further developed and the need to develop appropriate concepts for the functioning of national economies in these conditions.