УДК: 339.9

DOI: https://doi.org/10.36887/2415-8453-2019-4-3

PhD in Economics, Associate Professor, Department of Economics and Marketing,
Kharkiv Petro Vasylenko National Technical University of Agriculture

JEL classification: F6


Introduction. The article highlights the problems and prospects of globalization of international economic relations, identifies the importance of globalization for the sectors of the world economy structure, determines the impact of globalization on different groups of countries, examines the state and actual tasks of the globalization process of the international economy in conditions of innovation and integration, to positive and negative effects. One of the main problems of globalization is the potential global instability due to the national economies interdependence of the countries at the global level.

The purpose of this article is to investigate the impact form of economic globalization on the competitiveness factors modification; the globalization conditions justification of national and world economic relations.

Results. The study of the problem and perspectives in the context of the globalization concept disclosure of the world economy made it possible to define this process as a transformational internationalization of the world economy into a global system of international scale on the principles of openness, universality and interdependence. The essential features that lead to the globalization development of the world economy are at the present stage: the formation of the world information space, scientific and technological progress; economic integration; a new system of labor international division; the implementation of universal liberal-democratic values.

Conclusions. Given the uneven distribution of the globalization benefits, of course, the negative effects of globalization processes in a particular country will significantly depend of the place, that this country occupies in the world economy. In this regard, three groups of threats, dangers, and potential problems have been identified, that arise at the present stage of development of economic activity internationalization, depending on which countries they may reach.

Keywords: globalization, integration, international economy, competition, world economy, economic development, national economy, socio-economic relations.


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The article was received 19.08.2019