Globalization although often described as the cause of much turbulence and change, is in fact the umbrella term for the collective effect, the change itself. Globalization is caused by four fundamental forms of capital movement throughout the global economy. The four important capital flows are:
Human Capital
Financial Capital
Resource Capital
Power Capital

There is much academic discussion about whether globalization is a real phenomenon or only an analytical artifact. Although the term is widespread, many authors argue that the characteristics attributed to globalization have already been seen at other moments in history. Also, many note that such features, including the increase in international trade and the greater role of multinational corporations, are not as deeply established as they may appear.
Some authors prefer the term internationalization rather than globalization. In internationalization, the role of the state and the importance of nations are greater, while globalization in its complete form eliminates nation states. So, they argue that the frontiers of countries, in a broad sense, are far from being dissolved, and therefore this globalization process is not happening, and probably will not happen, considering that in world history, internationalization never turned into globalization

The political aspects of globalization are evidenced when governments create international rules and institutions to deal with issues such as trade, human rights, and the environment. Among the new institutions and rules that have come to fruition as a result of globalization are the World Trade Organization, the Euro currency, the North American Free Trade Agreement, to name a few. Whether a government is to consciously open itself to cross-border links, is the central question of this aspect.
Various aspects of globalization are seen as harmful by public-interest activists as well as strong state nationalists. This movement has no unified name. "Anti-globaliz