BRIEF SUMMARY OF GLOBALIZATION AND ITS IMPACT ON SOCIAL POLICY.

Since the 1990s, the word globalization has established itself in the colloquial dictionary and has gradually become dominant in political, economic and academic discourses. Globalization has taken the world to a new level and in the modern era it has acquired an increasingly large-scale character. The transition from industrial societies to post-industrial tracks gave a push for world development and accelerated the process of globalization and gave a ne w orientation to the world economy. The presented work describes a number of issues related to the positive and negative meaning of globalization and its effects on economic and social policy. There are reviewed the importance of international organizations in the development of social policy and, in general, actual issues and approaches of global social policy. Globalization has been blamed for such processes as unequal distribution of income among countries, reducing the role of the state in regulating the economy, pressure on states to pursue to adopt market-friendly policies that prompte trade investment, as a result, social tension is increasing, the role of the state in the social sphere is weakening, the influence of Western values is strengthening, and national traditions are being neglected. The economic and financial crisis of one powerful country has a negative impact on other countries of the world. Despite the negative aspects, the benefit of globalization to the social welfare of mankind is great. Globalization is considered to be the basis of many successes for states, reducing poverty, increasing economic prosperity, developing better services and increasing awareness of human rights. Even those who are skeptical of the benefits brought by globalization must be convinced that there is no alternative, so avoiding it means isolating the country. In fact, the world is gaining new standards. Keywords: relevance of globalization, advantages and disadvantages of globalization, future of globalization, convergence, decommodification, stratification, elements of globalization, types of welfare state.