IMPACT OF GLOBALIZATION ON COMPETITION AND DIVERSITY OF BUSINESS AND TECHNOLOGY DEVELOPMENT

Globalization is increasingly penetrating the economies of countries and regions of the world. This process brings many benefits to the people of individual countries and to the world economy as a whole. These benefits include increased productivity, increased opportunities for self-realization, improved quality of life, increased cultural exchange and other positive effects. Indeed, unification and standardization processes provide the opportunity to produce many products based on standards that are acceptable to virtually all countries, thereby reducing production costs, leading to lower market prices, as well as greater understanding and mutual understanding of cultures and values of different peoples. However, many scholars and practitioners point to the negative consequences of globalization, which are devoted to the relevant research papers and articles. Consolidation of production companies through mergers and acquisitions leads to a narrowing of competitive space, both in individual countries and in the world as a whole. Reduced competition in any market has always been considered a negative factor, as it reduced incentives for companies to develop. At the same time, the proponents of globalization argue that larger companies have greater opportunities for development. The main task of civilization is to prevent such a course of development of globalization processes, which can lead not to increase, but to reduce the quality of life and the emergence of a situation where the voice of the consumer is completely insignificant for those who want to make money on it.