Subject The article reviews the globalization of economic ties and respective issues. We also focus on Mongolia's position in globalization, and opportunities for the multilateral cooperation with Russia, China and Kazakhstan. Objectives The study examines theoretical aspects of optimistic and pessimistic views of globalization and reveals possible risks arising from economic development today. Methods We conduct the content analysis of the Russian and foreign sources, index analysis and comparative analysis, referring to statistical data. Results The article unfolds the substance and milestones of the globalization of economic ties and their specifics, focusing on the financial globalization and virtualization of economic ties, possible risks threatening to national sovereignty. We also delved into opposite concepts of the end and new wave of globalization and unveil the assumption on institutional conflicts in the effective international laws. Conclusions and Relevance The globalization of economic ties is an undeniable process, which all countries unavoidably face at the current phase of their development. Mongolia is involved in globalization, establishing the cooperation with the neighboring States, such as Russia, China and Kazakhstan. Mongolia's exports include a lot of mining products. The new industrialization of Mongolia, thriving IT and the servicing sector will help it leverage its participation in the global economy.
Ключевые слова: globalization concepts, globalization index, Mongolia, virtualization of world economic relations, risks of national statehood, digital economy
Levitt T. The Globalization of Markets. Harvard Business Review, 1983, May-June, pp. 92–102. URL: Link
Robertson R. Interpreting Globality. In: World Realities and International Studies Today. Glenside, PA, Pennsylvania Council on International Education, 1983, pp. 7–19.
Bell D. The Coming of Post-Industrial Society: A Venture in Social Forecasting. New York, Basic Books, Cop., 1973, 507 p.
Baldwin R.E. The Great Convergence: Information Technology and the New Globalization. Cambridge, Massachusetts, The Belknap Press of Harvard University Press, 2016, 344 p.
Robertson R. The Three Waves of Globalization. A History of a Developing Global Consciousness. Nova Scotia, Fernwood Publishing; London, New York, Zed Books, 2003, 304 p.
Attali J. Kratkaya istoriya budushchego: Mir v blizhaishie 50 let [Une brève histoire de l'avenir]. St. Petersburg, Piter Publ., 2014, 285 p.
Rodrik D. Has Globalization Gone Too Far? Washington, DC, Institute for International Economics, 1997, 108 p.
Rugman A. The End of Globalization. A New and Radical Analysis of Globalization and What It Means for Business. New York, London, Random House, 2000, 256 p.
Shipman A. The Globalization Myth. Cambridge, Icon Books, 2002, 172 p.
Tsvetkova N.N., Akimov A.V., Ivanova S.V. [Contours of the future of the world economy: A conference review]. Vostok. Afro-aziatskie obshchestva: istoriia i sovremennost, 2017, no. 5, pp. 157–160. (In Russ.) URL: Link
Ivanova S.V., Latyshov A.V. [New globalization as an exogenous factor in the formation of the foreign trade policy of the Republic of Korea]. Vestnik Rossiiskogo ekonomicheskogo universiteta imeni G.V. Plekhanova = Vestnik of Plekhanov Russian University of Economics, 2018, no. 6, pp. 214–223. (In Russ.) URL: Link
Revenko L.S., Perskaya V.V., Kholopov A.V. et al. Mezhdunarodnye ekonomicheskie otnosheniya: realii, vyzovy i perspektivy: monografiya [International economic relations: realities, challenges and perspectives: a monograph]. Moscow, MGIMO University Publ., 2019, 750 p.
Luttwak E.N. Turbo-Capitalism: Winners and Losers in the Global Economy. London, Weidenfeld & Nicolson, 1998, 290 p.
Neklessa A.I. Lyudi vozdukha, ili Kto stroit mir? [Homines Aeris, or Who Builds the World?]. Moscow, Institute for Economic Strategies Publ., 2005, 224 p.
Kahler M., Lake D.A. Governance in a Global Economy: Political Authority in Transition. Princeton, Princeton University Press, 2003, 472 p.
Ohmae K. The End of a Nation-State: The Rise of Regional Economies. New York, Free Press, 1995, 214 p.
Stiglitz J.E. The Overselling of Globalization. Business Economics, 2017, vol. 52, iss. 3, pp. 129–137. URL: Link
Rosenberg J. Globalization Theory: A Post Mortem. International Politics, 2005, vol. 42, iss. 1, pp. 2–74. URL: Link
Saul J.R. Collapse of Globalism and the Reinvention of the World. New York, Harry N. Abrams Inc., 2005, 224 p.
Schwab K. The Fourth Industrial Revolution. London, Portfolio Penguin, 2017, 184 p.