УДК JEL: 1Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/ GLOBAL IMBALANCES AND NEW PROTECTIONISM: AN INSTITUTIONAL HYPOTHESIS Part of the causes of current aggravation of trade, financial and geo-economic imbalances and conflicts is within the value-institutional plane. Over the past 25 years, the space of TNCs’ economic power has rapidly spread through new technologies and innovative financial instruments. Competitive pressure has forced TNCs to move into a global space, to absorb global human, natural and technological resources. World capitalism attracts to modern technologies huge masses of people with different values, preferences and motives. Different social epochs and civilizations converged on the same resource space: from archaic and traditional societies to post- and neo-modern, with a variety of their rhythms of social life. Keywords:
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