SEPASHVILI Eka - Ph.D. in Economics, associate professor, Tbilisi Iv. Javakhishvili State University, Member of the Parliament of Georgia (Tbilisi, Georgia).

Email: eka.sepashvili@tsu.ge

Keywords: Globalization, modern world, political stabilization, national economy

Globalization is multidimensional process, where political, economic, military, cultural, environmental and social sides are widely involved. Since late 1990s knowledge plays a key role in determining the structure and frame of the modern world. Despite the fact that during globalization national borders have less meaning for global firms while they seek for the most advantageous place for economic profit, national countries create unique environment for them and ensure their sound positions on science-based world markets. Technology achievement is a significant factor for development. Participation in contemporary economy means to create appropriate sources for education, adequate infrastructure, political stabilization, market economy and so on.