ECONOMIC CONSEQUENCES OF GLOBAL TRANSFORMATION

Abstract

The economic aspects of the global transformation taking place before our eyes are considered. The initial thesis of the study is to recognize the complete completion of economic globalization, which led to the formation of a globalized world. The scale of the changes made it possible to formulate the thesis about the revolutionary nature of the ongoing transformations. The article identifies main areas that will determine the functioning contours for the future economic mechanism of the new globalized world: rethinking the very model (paradigm, concept) of the market economy; the inevitability of strengthening the degree and depth of regulation of economic processes; outspreading of non-economic criteria (political, moral, ideological, etc.) that determine the content and forms of economic cooperation.