Directions and mechanisms of globalization impact on institutional structure of society

The article studies the problematic issues of essence and content of globalization process, directions and mechanisms of its impact on institutional structure of society. At the same time, globalization is viewed as a complex complicated and contradictory process not only increasing the dependence between socioeconomic and economic systems of individual countries, but also as a factor directly changing the course of development vector of institutional structures that sets a new trajectory of their movement. It is important to analyze the impact of globalization on the institutional structure through various by nature institutions – formal ones, which at each stage of development are artificially created, as a rule, by the state, and informal ones (traditions, social conventions, customs, etc.), the mechanism of globalization impact on which directly links with its impact on the property of fractality or self-similarity of socio-economic systems. Some contradictions that arise in the process of the mentioned interaction are considered and analyzed. The aim of the study is to identify the mechanisms of globalization influence on institutional structure of society and the limits of its positive impact on development of this society. Methods of the study: abstract-logical; theory of nonlinear dynamics; historical and economic analysis