DEVELOPMENT PARADOXES OF GLOBALIZATION
DEVELOPMENT PARADOXES OF GLOBALIZATION

Summary/Abstract: The article focuses on the negative influence of globalization on the world economy. The purpose of this research is to systematize the global processes and outline the paradoxes of its development. The article defines the etymology of the term globalization and characterizes its scope of use. It analyzes the origin and formation of the globalization theory, while also systematizing its main areas of investigation. The research explores the fundamental disagreement as to how to conceptualize the phenomenon of globalization. The process of rethinking social change is studied, particularly to the extent that it relates to labelling the existing forms of activity. A systemic critique of global processes is presented, together with its basic critical comments. The article discusses the global prospects of tectonic shifts, which are bound to cause critical changes in the global environment, leading to corresponding changes in the world megatrends. This is proof that the alterglobal model should implement new principles of a global system based on social partnership, state protection and welfare.

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