FINANCIAL UNITY OF THE WORLD AS AN ORGANIC PART OF GLOBALIZATION

Journal Title: Baltic Journal of Economic Studies - Year 2018, Vol 4, Issue 2

Abstract

The purpose of the paper is to determine the current features and phases of the formation of the financial unity of the world as an organic component of globalization and to identify the features of financial globalization in this context. Methodology. The list of the research methods of the subject under consideration includes the monographic method, analysis, techniques of the abstract-logical method, etc. Results. The urgency of the article is that the development and spread of globalization processes is a necessity to study the processes of forming a financial unity on a global scale, as a phenomenon that can have both positive and negative consequences. It is proved that the financial unity of the world is an integral part of globalization. The stages of formation of the financial unity of the world are determined. The positive and negative consequences are specified. Despite the assumption about possible negative manifestations of the financial unity of the world, acceleration of its offensive in the final, perfect form will allow providing significant advantages for global economic development. Practical implications. The main idea of the article was to justify the expediency of providing and using the financial unity as the instrument for development taking into account the prospects of globalization for national, regional economics, enterprises, and communities. Value/originality. The conducted research allowed highlighting the positive and negative effects of financial unity and financial globalization, as its manifestation, in the global economic system as important characteristics of the evolution and the current state of world financial architecture.

Authors and Affiliations

Iryna Honcharenko, Inna Servatynska

Keywords

Related Articles

FINANCIAL INSTRUMENTS OF THE STATE POLICY FOR THE PREVENTION OF TERRORIST ACTS IN UKRAINE

The article’s objective is to determine the mechanism for implementing the financial instruments of the state policy to counter terrorist acts in the territory not controlled by Ukrainian authorities in Donetsk and Luhan...

ENTERPRISES DEVELOPMENT: MANAGEMENT MODEL

The paper’s purpose is to provide recommendations for the effective managing the companies’ development taking into account the sectoral key elements’ transformation. Methodology. The enterprise profits’ econometric simu...

STRATEGIC IMPERATIVES ENSURING POPULATION WELFARE UNDER TRANSFORMATION EXCLUSION CONDITIONS

The purpose of the research is to substantiate strategic imperatives that should be taken into account in developing algorithms for improving the welfare of the population in the conditions of socio-economic transformati...

IMPROVEMENT OF THE PROCEDURE FOR PROVIDING ADMINISTRATIVE SERVICES TO TAXPAYERS IN THE CONTEXT OF PUBLIC ADMINISTRATION REFORM

The article studies the procedure of providing administrative services to taxpayers in fiscal service authorities of Ukraine through the prism of public administration reform. Problems of development of IT systems, devel...

THE RATIONALE FOR THE APPLICATION OF THE INFLATION TARGETING REGIME IN UKRAINE

The purpose of the paper is the consideration of the basic choices of a monetary regime of monetary policy, which include the monetary targeting regime, the regime of exchange rate targeting, the inflation targeting regi...

Download PDF file
  • EP ID EP477603
  • DOI 10.30525/2256-0742/2018-4-2-53-57
  • Views 89
  • Downloads 0

How To Cite

Iryna Honcharenko, Inna Servatynska (2018). FINANCIAL UNITY OF THE WORLD AS AN ORGANIC PART OF GLOBALIZATION. Baltic Journal of Economic Studies, 4(2), 53-57. https://europub.co.uk/articles/-A-477603