Globalization changes power relationships. At the level of international relations, it changes the power of developing countries relative to that of developed countries. At the level of domestic politics, it changes the power relations among government, business, and civil society. Most fundamentally, it changes the prospects for peace--both within countries and between them.
Globalization has become one of the principal symbols of economic, cultural and political life in the 21st century. Although there is no precise definition of globalization, due to the complexity of the term and the varying attitudes towards it put simply it is the process by which nationality is becoming all the time more irrelevant. International organizations such as Coca Cola, Disney, McDonald's, Sony, Shell Oil and IBM, symbolize such a process.
As the globalization of business continues, organizations must be analyzed and managed in a new way. Behavior, structure, and process are all crucial to the successful operation of an enterprise.
Globalization is defined as this interdependency of transportation, distribution, communication, and economic networks across international borders.
Globalization of economy.
A big part of globalization is also the Global Economy. World Economy is operating of the entire globe, with boundaries far larger then that of any political unit, where there is an ongoing social division of labor with an integrated set of production that relate to each other through market. (Brown) There are three major economic perspectives that describe different point of views on economy in the state and nation.
The first one is economic nationalism. In other words, it's economic realism. Economic nationalism assumes that politics should be a primary concern of economics. Nationalists say that state should act on its own best interest in market. National interest is the number one factor. (Dr. Butenhoff) Nationalists believe in the primacy of the state,