THE IMPACT OF GLOBALIZATION ON ECONOMIC DEVELOPMENT IN THE MODERN WORLD

Abstract

This article examines the impact of globalization on economic development across different regions of the world. In the contemporary era, globalization has become one of the most influential forces shaping national and international economies. It affects trade, foreign investment, technological progress, labor mobility, and the overall structure of production and consumption. The paper analyzes both the positive and negative consequences of globalization. The study highlights the importance of effective economic policies, institutional development, and international cooperation in ensuring that globalization contributes to sustainable and inclusive economic development.