The article presents an essay to make out how the globalization processes correlate with the stable development principle declared at the UN Conference on Environment and Development, held in 1992 in Rio de Janeiro. The author’s finding is that the policy of the leading world powers, primarily of the USA, — policy subordinated to the interests of free market — is at variance with the declared tasks of bettering the quality of life for all mankind. The purposes of stable development are, nevertheless, achievable, A.B.Veber argues, but their realization requires concentrated joint efforts to be made by governments, business, and civil society organizations. In this context, the idea of Global social contract, which was put forward by the UN and which envisages the conclusion of a relevant agreement by all contracting parties interested in the solution of world development problems, proves especially topical. Globalization processes can neither be cancelled nor stopped, but it is both necessary and possible to regulate and correct them, the author concludes.