Globalization, an important feature of the contemporary economic environment, has brought about significant changes in individual nations in terms of economic development strategies undertaken by governments national. The term globalization refers to the integration of local and international economies into a globally unified political, economic, and cultural order. It is not a single phenomenon, but a term for the forces that transform an economy into one characterized by the adoption of freer movement. trade, investment, labor and capital. The dynamics of globalization have led to greater economic growth on a global scale, thanks to the opening of barriers to international trade, but this increase in global production is often associated with adverse effects on the stability of an economy national, being sensitive to ups and downs. downturns in the international economic cycle as well as both positive and negative effects on a nation's standard of living or quality of life. It is often difficult to categorize an economy as globalized, but there are several key indicators that suggest economic management decisions. undertaken by the government are the result of globalization. The main evidence suggesting the globalization of nations has been the growth of global markets, changes in global consumption patterns, the conclusion of intergovernmental agreements as well as the rise of transnational corporations. Globalization has been primarily driven by the removal of economic barriers between nations in recent decades, leading to greater global economic growth. This economic liberalization was driven by the global trend towards deregulation of national growth rates close to 9%. As a result, the global income divide would tend to widen, as richer countries get richer faster than poorer countries. However, maintaining the external stability of an economy, particularly preventing an explosion of net external debt and equity over the economic cycle, which could affect international confidence around the world, remains a limiting factor. pursuit of accelerated growth in high-income countries. management of the particular economy. As a result, globalization as a whole has become a benefit across the world, but these benefits still weigh heavily on already wealthy countries, while developing economies struggle to maintain growth comparable to higher income countries, which results in an obvious contrast in quality. of life between these “classes” of nations in the global economy.