CURRENT CHALLENGES AND TRENDS IN THE GLOBALISATION PROCESS

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Ivan KUKURUDZA
Kateryna ROMASHCHENKO
Taras ROMASHCHENKO

Abstract

Introduction. The state and trends of the globalisation process are investigated, the main challenges to the development of this process are revealed, and qualitatively new features of globalisation are analysed.


Purpose. Study of the main challenges and current trends in the development of globalisation.


Methods. Theoretical analysis of the main current trends in the development of globalisation.


Results. The article analyses the features and trends of globalisation in recent years, considers the main challenges and problems on the way to the development of unimpeded globalisation, and identifies the tendencies towards the transformation of globalisation into a new process fragmented along geopolitical lines, which will have important economic consequences for all countries of the world.


Originality. The main current challenges to the unimpeded development of the globalisation process are argued.


Conclusions. The end of the era of unhindered globalisation is likely to have negative consequences for the entire global economy. Whether as a result of accelerated globalisation or a halt to globalisation, these effects will be uneven across the world's economies, with low- and middle-income countries bearing the brunt.

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References

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