ECONOMIC CONTENT, MULTIDIMENSIONALITY AND "BLACK SWANS" OF GLOBALIZATION

Yuriy Ossik () and Nazar Ulakov ()

Economics and Management, 2017, vol. 13, issue 1, 2-16

Abstract: The current situation of global uncertainty of dynamic transformation in the global economy is leading to a unipolarity that has prevailed after the collapse of the USSR to the formation of multilevel and multidimensional economic multipolarity. Important factors in the dynamics of the modern world are the marked lag in the political dimension of the economic and cultural life, unpredictable risks and threats of destabilization associated with the financialization of the world economy, the dominant role of TNCs, the weakening of the role of countries, especially those are not related to the “Golden billion”. Complexity, confusion and discrepancy in the analysis of the functioning of a globalized economy contributes to the harmonization of the welfare criteria of countries in different socio-cultural systems, as well as the imperfection of the Institute of the harmonization of the system of national accounts initiated by the Western socio-cultural system.

Keywords: globalization; regionalization; restructuring; financial monopolies; financialization; TNCs; glocalization; cultural resistance; national accounts; inequality (search for similar items in EconPapers)
JEL-codes: F01 F02 (search for similar items in EconPapers)
Date: 2017
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