Transformative Impacts of Globalization on the Economy of South Caucasus and Central Asia

Research background: The disappointing economic results of the global crises, which brought macroeconomic instability, increasing inequality, are often understood as globalization. In this article, besides positive effects, many unavoidable negative impacts globalization on South Caucasus and Central Asia region discussed. It is shown that responsibility for crisis not entirely but a combination raw material based economy, together with incorrect trade policy. an alternative view offered, including diversification policy challenges. also explores main tools dissemination globalization, has created new opportunities business in region. Purpose article: aim to find out what extent countries involved international integration, comparative analysis transformative globalization. Methods: methods systematization scientific approaches were employed. research contains region's position investment. Findings & Value added: concentrate picture multipolar world. countries, processes accelerated after became member WTO, ADB integration into relations. findings general correspond trends emerging markets process gradually turning functional mechanism competitiveness, there some differences. progressively increasing, unforeseen evolving.