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Economic aspects of globalization are related to the increasing economic integration and interdependence on a global level through the processes of overall trade and financial liberalization and deregulation, minimization the role of the state, domination of market principles and mechanisms, and appearance of new actors on international economic scene. Ideological background of the new globalization wave is neoliberalism or market fundamentalism that is institutionalized in the form of trilateralism in international economic relations. Trilateralism includes concentrating the power of governing and regulation of international relations on three regional blocks in the world economy (SAD, Western Europe and Asia) and three international economic institutions (IMF, WTO and WB) that regulate specific area of international economic relations. Although globalization represents huge potential for creation of enormous economic prosperity these benefits aren't evenly distributed, so there exists an increasing gap between the wealthy and the poor that deepens the discontents of the globalization process. Considering that the only alternative is autarky and isolation of economy, globalization cannot be an option, but a reality that must be accepted, however, not at the cost of annulling national interests and sovereignty, degrading economic positions and initiating enormous social tensions.

THE ARTICLE ATTEMPTS AN ECONOMIC ANALYSIS AND EXPLANATION OF THE INCREASINGLY CRITICAL PROBLEMS OF UNEMPLOYMENT, PARTICULARLY IN MODERN CAPITALIST SOCIETIES. THE 'DEFICIENTDEMAND' HYPOTHESIS IS EXPLORED AND THE COSTS OF BOTH LABOR (HIGHER WAGES TO MATCH INFLATION, ETC) & UNEMPLOYMENT (WITH INCREASED BENEFITS, ETC) ARE DISCUSSED. THE AUTHOR PROPOSES A POLICY PROGRAM FOR DECREASING UNEMPLOYMENT.

Economic aspects of prevention refer to the costs and benefits associated with measures aimed at preventing various problems and risks. Prevention can include measures aimed at preventing disease, crime, harmful behavior, environmental problems and other areas. There are several important economic aspects of prevention: cost reduction, productivity gains, social and human benefits and long-term sustainability. It is important to realize that prevention requires initial investments and often its economic impact is not immediately visible. However, a long-term evaluation of costs and benefits shows that prevention can be an economically beneficial strategy that brings a large number of socioeconomic benefits for the individual and society as a whole.

The forces determining the share of nat'l income available to the aged, & the way in which that share is distributed among diff groups within the aged, are examined. Most of the evidence relates to GB & the US. It is argued that the inability to work, which results in the econ dependency of old age, should be viewed as a socially determined problem. The main sources of support for the aged in industrialized countries are reviewed & it is concluded that, despite increases in real income, & instit'al developments such as the growth of employers' private pension schemes, provision by the state remains all important. The danger of viewing the retired as a homogeneous group with similar econ problems is emphasized, both because of the general inequality of distribution of resources among them, & because of the special econ problems of single & widowed women. Finally, it is argued that no very sophisticated standards of poverty are required to describe large numbers of the old as poor in both GB & US today. AA.