Globalization of the world economy and the global financial crisis

Kirill Dobrin ()
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Kirill Dobrin: Russian Presidential Academy of National Economy and Public Administration- Stolypin Volga Region Institute of administration

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: In recent years, are increasingly faced with the negative processes of globalization. This occurs in such priority spheres of human activity as politics, culture and economy of course. Let us dwell on the contradictions that exist in the global world and global economy. Hallmark of globalization are such processes as the internationalization of the world economy and international capital, international trade and the international division of labor. These processes are deployed, especially between industrialized countries and developing countries cover only partly and mainly concern their executive function. Thus, strengthening the position of economically developed countries. Developing same are not actors, and objects of globalization. Why is this happening? Global firms in developed countries view the world as a whole, which erases national differences and preferences, there is a standardization of consumption. Products such corporations like Mars, Siemens, Sony, Samsung, IBM and many others are sold worldwide. International quality standards, management systems (TQM, CPI, TQC, ISO 9000), introduced by the western countries set the bar competitiveness of the rest. This situation leads to an increase in the magnitude of the spread of the crisis in the world. Keywords : globalization, the internationalization of the world economy, the financial crisis, the global economy, financial system, financial resources.

Pages: 3 pages
Date: 2016
New Economics Papers: this item is included in nep-cse and nep-int
Note: Research and development in the era of globalization: a collection of articles of the International scientific-practical conference (February 5, 2016, Kirov)- 3 ch. Ch.1.- 2016. - 212 p.
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