Rozeta ASATIANI

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Rozeta Asatiani, D.Sc. (Econ.), professor, Tbilisi Institute of Market Economy and Law (Tbilisi, Georgia)

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THE PHENOMENON OF GLOBALIZATION AND ITS INFLUENCE ON NATIONAL ECONOMIES (A CASE STUDY OF GEORGIA)

ABSTRACT

This article examines the prerequisites for the rise of globalization and its development patterns, analyzes the positive effects of its influence on national economies, and draws attention to the specific adverse manifestations of this multifaceted process in small countries. In this connection, the author gives a general outline of the post-Soviet stage in the development of the Georgian economy, the events that have taken place in the country over the past 15 years, and the specific features of the advance toward a civil society in the context of globalization.

Globalization as a world process dating back to the 1960s was preceded by the “Keynesian Revolution,” which gave a boost to qualitatively new economic growth and paved the way for the democratization of ownership and for broad decolonization in the 1950s. Globalization was significantly accelerated by structural changes in the world on the basis of scientific and technological progress, followed by a transition from industrial to post-industrial society in the 1970s. In this respect, the end of the socialist era was also an imperative of the times, a kind of echo of globalization.

Introduction

The origin of any term is associated with certain circumstances: it comes into use only when there is a demand for it. The term “globalization” appeared in………..

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