Globalization processes in the modern world challenging the national economy development

The article studies theoretical, methodological and analytical aspects of the globalization processes development, which increasingly affect the economic dynamics of a particular country. Synthesis of scientific approaches by leading scientists allows establishing the key characteristics and forms of globalization. The authors highlight ecological and cultural globalization, which increasingly affect economic processes. Analytical studies have been conducted in the context of establishing and substantiating maj or challenges that are increasingly complex and large-scale. Thus, the nature of the challenges is identified in terms of opportunities and threats to the development of the national economy. This article identifies a possible list of globalisation challenges through their actions as opportunities or threats. Substantiated by the authors the key development trends of globalization evidences of its versatility, multi-vectoral focus and interdependence of forms.The authors suggest the key measures for responding to the challenges of the “catching-up” economy globalization.