▪ Tendencies ▪

First of all, it is important to understand what does the term globalization means. Globalization (globalisation), in its literal sense, is the process of transformation of local phenomena into global ones. It can be described as a process by which the people of the world are unified into a single society and function together. This is a combination of economic, technological, social, cultural and political forces. The term ‘globalization’ is often used to refer to economic globalization: integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, the spread of technology; but it also affects legal sphere as well, because law is designed to provide peaceful and harmonious development of social relations between all subjects.

Governments around the world are struggling to capture the initiative that will allow them to return the global economy to some semblance of normality. The sub-prime meltdown, followed by a similar unraveling of consumer credit obligations in the US translated into instability in banks and insurance companies. The real estate market in the U.S. is worse now than any time since the great depression and its effects are circling the globe.

«The Capital of the country» starting a cycle of publications about the global changes, influencing the world. The given material is presented to our edition by John L. Petersen the founder and president of The Arlington Institute (http://www.arlingtoninstitute.org) , a “think tank” located in West Virginia in the U.S. that specializes in studying global futures. This article, the first in a series on the subject of coming change, is taken from his recently published book, A Vision for 2012: Planning for Extraordinary Change. © 2008 John L. Petersen. You may buy the book at Amazon – online store.

«The Capital of the country» starting a cycle of publications about the global changes, influencing the world. The given material is presented to our edition by John L. Petersen the founder and president of The Arlington Institute (www.arlingtoninstitute.org) , a “think tank” located in West Virginia in the U.S. that specializes in studying global futures.

The auction mechanism of the purchasing the land for construction of housing building assumes a competition of companies for offering the higher price. In such situation all small and average companies are superseded from the market, and the prices for new habitation promptly grow

At today’s market we see the advent of a new economic agency: innovator. He will never look for a job by writing and mailing of a CV; he will develop new business-models to realize his own innovation technologies. And the society’s accumulated money resources will gradually flow into the hands of the new social class: community of innovators.

The internationally practiced system of research grants which is generally accepted as effective and fair incentive of intellectual achievement has undergone alarming transformations under Russian law.

The appearance of the inner combustion engine in late 19th century boosted up the serial automobile production in early 20th century. After more than 100 years, the inner combustion engine is still in hand of the world’s automakers. The century brought some minor improvements to the product, but mainly in the category of smaller innovations. For example, the advent of injection engines in the Ferrari works in 1950s, greater number of cylinders, valves, strife for more economical fuel consumption etc.

The crisis and post-crisis apathy of the Russian population has been largely overcome; within the coming several years the psychological health of the Russians may become as satisfactory as that of the developed nations of the world.