Globalization is most often identified with qualitatively new levels of integration, integrity and interdependence. These characteristics, above all, indicate a spatial expansion of regulation of social relations. In globalized countries, regulation occurs not only within national states, but also in wider international areas. This means that the world has formed a commonwealth of states that live not only according to their own laws but also with their generally recognized values and standards, lifestyle and code of conduct, which they are quite aggressively promoting in the world around them. The article is devoted to the analysis of the phenomenon of globalization, whose content, controversial nature, consequences and a wide spectrum of perception of the world community and scientific reflection of this phenomenon, have become almost the most important phenomenon of our time. After all, the trends of social development are closely related to the fundamental changes in the socio-political life of the world community, the overwhelming majority were caused by the processes of globalization, which in essence was much broader than the purely economic component, having touched all aspects of economic ties and international relations. Factors accelerating globalization trends in the world today, and the forms in which they are implemented, are primarily a scientific and technological revolution, the activity of transnational monopolies in the conditions of this revolution, the information revolution, the socialization of economic life in countries, the globalization of security problems (environmental, raw material, food, nuclear, etc.), the economic policy of developed countries and international financial and credit organizations. All of them can provide both a positive dynamics and the results of globalization, and the negative effects of this process. Under all conditions, the objective foundation for globalization is, first of all, the laws of the market, which cause and determine the need (and mechanisms for its implementation) in the development of the social division of labor, including the international one. The use of the principle of comparative advantages in the organization of production and the exchange of its results between different countries leads to the emergence of national and international monopolies, modern forms of their functioning and development