Although most people continue to live as citizens of a single nation,they are culturally,materially,and psychologically engaged with the lives of people in other countries as never before.Distant events often have an immediate and significant impact,blurring the boundaries of our personal worlds.Items common to our everyday lives-such as the clothes we wear,the food we eat,and the cars we drive-are the products of globalization. Three Key Institutions Three key institutions helped shape the current era of globalization:the International Monetary Fund (IMF)[1],the World Bank[2],and the World Trade Organization (WTO)[3]. Although most people continue to live as citizens of a single nation, they are culturally, materially, and psychologically engaged with the lives of people in other countries as never before. Distant events often have an immediate and significant impact, blurring the boundaries of our personal worlds. Items common to our everyday lives — such as the clothes we wear, the food we eat, and the cars we drive — are the products of globalization. Three Key Institutions Three key institutions helped shape the current era of globalization: the International Monetary Fund (IMF)[1], the World Bank[2], and the World Trade Organization (WTO)[3]