Aspects of globalization impact on economic and financial processes

The paper deals with the development prerequisites of globalization in the modern global economy; new economic phenomena are described as elements of the global economy; globalization effects in financial sphere are analyzed; the growing influence of the financial sector on economic processes is justified and the tendency of reducing the interrelations between the financial and real sectors of the economy is defined; the directions of activity of countries that allow using and elaborating the benefits of globalization are indicated. Copyright © 2018 International Business Information Management Association (IBIMA).