Bakayev A. Financial markets development in globalization environment

National and global financial markets and the process of their system interaction. Complex analysis of financial globalization influence on world economic development, its role in international financial crises occurance and contagion. Formulation of strategy of Ukraine for efficient interaction with global financial environment. The methods used were scientific abstraction; statistical; comparative, qualitative and quantitative analysis, expert evaluations. The current trends of financial markets development in global environment are analyzed. The core contradiction of modern stage of financial globalization is defined - between commercial interests of global financial players and interests of national governments concerning ensuring economic prosperity and growth. The principle mechanisms of financial crises occurance are revealed and their preconditions are summarized. The lacks of world financial architecture and approaches to its reforming are analyzed. Means of external financing developmentin the national strategy of cooperation with global financial environment are proposed. National and global financial markets, study process.