BUSINESS INFORM №9-2017

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Section: Globalization Processes in the Economy
UDC 330.162
Syvak R. B.
The Directions to Institutionalize Globalism in the Context of Sustainable Development of the World Economy (p. 8 - 13)
The article is aimed at defining the directions of institutionalization of globalism as a new global social order orientated towards sustainable development in the context of the transformation of multitude of actors in the world economy. The article substantiates a hypothesis that economic globalism provides to detect the worldwide environmental and social problems of the industrialization of national economies and constitutes an important prerequisite for the humanitarian and ecological globalism that can elaborate new global dualistic instruments for sustainable development. An author’s own vision for addressing the problem of global leveling of incomes and limiting the global consumption through social and environmental responsibility of the middle class, as well as regulating the global markets, in particular through establishing the global government institutions within the UN structure, has been proposed. An alternative to the global management institutions have been considered the multi-level multi-intelligent systems, formation of which implies a clear awareness of their elements of opportunities and threats to activity together with setting adequate goals. It has been concluded that the identified tendencies in the development of world economy underscore the need to transform the institutional support of global management in the context of the realization of a globalizing society as a new social order and the need to mitigate the impacts of economic globalization by means of the conception of the global sustainable development.
Keywords: globalism, globalization, sustainable development, world economy, global institutions.
Bibl.: 13.

Syvak Roman B. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economic Relations, Ternopil National Economic University (11 Lvіvska Str., Ternopil, 46020, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Syvak, Roman B. (2017) “The Directions to Institutionalize Globalism in the Context of Sustainable Development of the World Economy.” Business Inform 9:8–13.

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