Globalization: Realities and Prospects

Abstract

This paper states the authors’ views on the realities and prospects of globalization as an economic, political and social category. In particular, there considered the development factors of globalization in the world economy such as innovation development, expansion of intergovernmental investment, international division of labor, international production, political relations, liberalization of foreign economic relations, privatization, scientific and technical processes etc. In conclusion, the authors give their forecasts for development of globalization processes which may be the priority in the future prospect.