OBJECTIVE TRENDS OF WORLD ECONOMIC DEVELOPMENT (ABSTRACT)

By Eka Sepashvili

Globalization is multilateral phenomenon. It is mostly described with economic terms as if only economics illustrates globalization.

Indeed, there are number of equal to each other forms of globalization: economical globalization; military globalization; ecological globalization; social and cultural globalization.
The most important question is how should State use the opportunities of globalization for economic growth so that it could avoid the negative results of globalization. Many countries have already faced this problem. This question is especially significant for developing countries economy of, which is too sensible to international fluctuations. At this sight, influence of negative as well as positive outcomes of globalization play an important role for Georgia.
World has not yet formed the conditions for establishing the entire world economy, because this process is obstructed by many factors. Opinions to elimination of the above obstructions divide in four essential directions, or there are four probable drafts of future development. With variable intensity, Georgia is involved in all of these processes. Anticipating economic policy of Georgia, it is important to be familiar with objective trends of world economic development. Otherwise, profitable integration with global economy and adaptation with world markets will be impossible.