Globalization is a term which may be used broadly to mean doing things as distant people do them, or more narrowly to mean complying to global standards in economy, politics, culture, education, environment or other matters. It describes the way countries and people of the world interact and integrate. Many things have become globalized as people come into contact.
Economic globalization is how countries are coming together as one big global economy, making international trade easier. In the late 20th century, many countries agreed to lower tariffs, or taxes on goods that are imported from other countries. Telegraphy and other communication technologies have helped people to buy and sell products from around the world, thus bringing globalization. Herman E. Daly has said that there is an important difference between internationalization and globalization.
Internationalization is about nations working together for the same goals. These are things like treaties, alliances, and other international agreements. Globalization is about international trade being less blocked by national borders.
Political globalization is how institutions and countries can influence the whole world. The United Nations are an example of globalization because most countries of the world are members of its
General Assembly. This international organization can make countries follow rules and apply economic sanctions to a country that doesn't. This means the countries in the U.N will punish them by not talking or trading with them, so they don't benefit from globalization.
Cultural globalization is how culture is becoming homogeneous, which means that people from all over the world act in similar way. For example, many people around the world write with the Latin alphabet, wear T-shirts and jeans and watch Hollywood movies and other media.