Technological globalization: current state, risks and consequences

Abstract

The process of technological globalization defining features of modern society and economy. The process leads to increasing interconnectedness and integration of national economies and global division of labor between countries. In recent decades, the process has received growing attention from academics and business. Technological globalization has made economic globalization possible. Nevertheless, many scientists claim that there is a crisis in the process of economic globalization. Some scientists state that the process of economic globalization is over, and the world is experiencing the process of deglobalization. Nevertheless, at the same time, there almost none no research dedicated to the process of deglobalization in the technology sphere. The article is aimed at analyzing the current state, risks, and consequences of technological globalization as well as possible directions for future research. The materials may be of interest to researchers of globalization issues, as well as to politicians and economists.