MODERN TRENDS OF THE DEVELOPMENT OF ECONOMIC AND CULTURAL GLOBALISM
MODERN TRENDS OF THE DEVELOPMENT OF ECONOMIC AND CULTURAL GLOBALISM

Summary/Abstract: Future of development of national economy and business sector of any country in the modern world is connected with irreversible processes of globalization. Internationalization, transnationalization and integration processes of economic life, liberalization of foreign trade policy have become essential factors determining current status of globalization. Along with this, globalization processes are mostly contradictory and positive outcomes of such processes are mainly felt by a group of postindustrial countries. They account for the largest part that is 70-80% of the use of the global resources of raw materials and energy sources while developing countries and countries in transition mostly represent just markets for sale of products (consuming countries) and cheap labor resources. Attitude of developed states towards the developing world should be construed only on principles of equal and mutually beneficial cooperation. Globalization as a multidimensional phenomenon is regarded as a process of the world economic, political, social and cultural integration out of which economic and cultural globalization is the most notable and clearcut which is built through exchange of goods, services, capital, scientific-technical expertise, professional and cultural values between the countries.

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