The development of globalization processes

The article is devoted to the study of the development of globalization processes. The basic concepts and essence of globalization, its pros and cons are considered. The main elements of globalization are described: social, cultural, political and economic. The main negative consequences of economic globalization that may arise in developing countries, i.e. in countries that are supporters of globalization, have been studied and ways have been proposed by which these threats and risks can be reduced.