Globalization: Essence and Modern development trends

Abstract

The article analyzes the essence of globalization and modern trends of its development. Considers the main contradictions associated with the concept of «globalization» and touches on questions about the nature of this phenomenon and the current vector of its development. Proposed author’s vision of the nature of globalization, its prerequisites and content of this concept. Also during the research it was established that the current condition of globalization is characterized by the level of internationalization of reproduction process in the world economy. The analysis is based on the results of basic research in the field of international production. The conclusions drawn by results of this research about essence and nature of globalization can be used further at more detailed studying of a subject of global changes of the world economy. The findings of this study about essence and nature of globalization can be used further for a more detailed studying of a theme of global changes of the world economy.