Business and investors can already demand what they want from the nation-state that would advance their interests.

The expansion of free trade allows governments to restrict the importation of products nor impede the export of local products.

•Some of them prefer to go countries where they can earn more with the least cost.

The strengthening of regional blocks like EU, ASEAN, and UN is gaining a stable ground.

Steger (2005) uses the term globality to mean globalization as a ideology.

A number of scholars define globalization as a multidimensional group of social procedures.

On the first decade of the 21st Century, some scholars argued that globalization is a process.

Globalization is a cluster of economic and political frameworks and procedures.

Globalization is described as something that is comprised of multiple differences and interconnectedness that go beyond the nation-states.

Globalization is a process in which individuals and organizations in one part of the world are affected by the activities, affairs and convictions on another part of the globe.

Globalization stands quite a large public spread across the world as one of the defining terms of the 20th century social consciousness.

Changing marks of the interests and assets that comprises the foundation of international political economy...

Globalization is obscure (unclear, uncertain, unknown).

Globalization is not the same as globalism, which points our aspirations for an end state of affairs wherein values are shared.

This emphasize that various transactions and interactivities that transpire instantly due to the internet and communication technology.

This is evident in the liberalization of financial and capital markets

This dimension is demonstrated in the establishment of the World Trade Organization (WTO) that ease trade among countries. WTO, establish in 1995.

This dimension is best illustrated by the existence of Multinational Corporation (MNCs) and Transnational Corporations (TNCs).

Who identifies the four interconnected dimensions of economy?

The world economy is no longer controlled by the nation-states.

The role of nation-state as manager of national economy is being redefined by globalization.

Government policies and regulations either permit or deny the smooth connection among world economies.

TNCs are the main driving force of economic globalization accounting for two third of the word export.

Economic Globalization can be traced from the time when there was economic movement in Asia, Africa, and Europe through the Silk Road.

One might observe that the sources of goods and services are exploited.

Globalization creates mutual dependence between developing and developed countries.

Some developing countries rely on developed countries for employment and income while the latter relies on the former for raw materials and services like labor.

Economic globalization does not benefit all nations (World Bank, 2002).

Wallerstein (2005) claims that capitalism created the different levels of wages in the economic arena of world systems.

Globalization allows a worldwide distribution of incomes.