Globalization Globalization is a comprehensive term for the emergence of a global society in which economic,political,environmental,and cultural events in one part of the world quickly come to have significance for people in other parts of the world.Globalization is the result of advances in communication,transportation,and information technologies.It describes the growing economic,political,technological,and cultural linkages that connect individuals,communities,businesses,and governments around the world.Globalization also involves the growth of multinational corporations and transnational corporations.The international institutions that oversee world trade and finance play an increasingly important role in this era of globalization.Globalization Globalization is a comprehensive term for the emergence of a global society in which economic, political, environmental, and cultural events in one part of the world quickly come to have significance for people in other parts of the world. Globalization is the result of advances in communication, transportation, and information technologies. It describes the growing economic, political, technological, and cultural linkages that connect individuals, communities, businesses, and governments around the world. Globalization also involves the growth of multinational corporations and transnational corporations. The international institutions that oversee world trade and finance play an increasingly important role in this era of globalization