Globalization as a World Development Phenomenon

Abstract:

The article considers the influence of the globalization process on the development of the world system. A comprehensive review of the leading researcher’s opinions on different scientific trends and historical periods was made. The phenomenon of globalization, which originally arose in the economic field, gradually spread to all spheres of human life (political, social and spiritual) during the process of development of the world community. The author comes to the conclusion that the globalization of the neoliberal model, imposed on the world by the transnational oligarchy, based on the principles of market fundamentalism and the desire to extract super profits, pose a serious threat to modern society, contributing to the growth of unemployment and poverty, exacerbating the ecological situation and introducing a primitive standardization into culture. According to the author, the modern world is in a transition period the era of uncertainty. Accordingly, the question is raised about the search for a viable ideological alternative necessary to achieve even development and social justice.