Globalization encourages world trade. Globalization is an efficient process through which all nations of the world will commonly try to establish regular universal standards and regulations (both created and recommended) that will encourage business in different nations. Business around nations or elements across different fringes is called universal business. Economic Globalization The expression "globalization" is generally used as part of the business rings and issues of trade and profit to describe the increasing internationalization of businesses for goods and administrations, the budgetary framework, companies and commercial ventures, innovation and rivalry. In the globalized economy, national divisions and borders have gradually diminished as constraints on market access have been eliminated. Additionally, there have been decreases in transaction fees and time stratification and separation in global transactions. Cultural Globalization Globalization has led to the improvement of the world's popular society. For example, Coca-Cola is sold in more countries than have the United Nations as members. Coca-Cola is said to be the second most universally understood word after OK. McDonald's has more than 30,000 local restaurants serving 52 million people every day in more than 100 countries. Levi's jeans are sold in more than 110 countries. Ronald McDonald is second only to Santa Claus in name recognition by most school-aged children. Financial globalization The liberalization of capital development and deregulation, particularly of tax administrations, have resulted in a surge in cross-border capital flows. Globalization of financial markets has triggered rapid growth of investment portfolio……medium of paper……positioned in developing countries like Brazil and India setting up manufacturing units, but what we also need to see is the amount of foreign direct investment ( FDI) flowing into developing countries. Companies that perform well attract a lot of foreign investment and thus increase foreign currency reserves. CONCLUSION Globalization As a conclusion international business is best described as globalization. A globalizing economic sector advertises vitality through rivalry and division of labor, allowing individuals and economies to keep tabs on what they specialize in. It also allows people to expand globally. Globalization has expanded the resources, goods, administrations and markets accessible to individuals. The growing set of dependent connections around individuals from different parts of a world that seems to be divided into countries