Impact of Economic Globalization on The National Law Development

The purpose of the presented work is to analyze the mechanisms of influence of globalization processes on changes in law and the consequences of these changes. The authors conduct a study of the concept of globalization, identify the main processes that characterize it, and note their inevitability. Today, the globalization processes are significantly accelerating, due to the development and dissemination of information technologies, primarily digital technologies, around the world. This acceleration is due to the need to form an appropriate legal regulation. Such legal regulation is characterized by the strengthening of the role of the norms of international law that penetrate national law. The legal regulation, in addition to national and international law, will be supplemented by transnational law arising from the activities of transnational corporations. The article presents both the positive and negative impact of globalization on national legal systems. The thesis about the unacceptability in Russia of some legal doctrines that are actively discussed in Europe and the United States has been presented. The main conclusion of the study is the position that globalization has a great impact on national legislation, causing the processes of its harmonization with international and transnational law.