refers to global economic integration of many formerly national economies into one global economy, mainly by free trade and free capital mobility, but also by easy or uncontrolled migration.

a region that is identified as a distinct entity in political geography. A country may be an independent sovereign state or part of a larger state, as a non-sovereign or formerly sovereign political division, or a geographic region associated with sets of previously independent or differently associated people with distinct political characteristics.

people organized in a definite territory with functioning government and sovereignty State, political organization of society, or the body politic, or, more narrowly, the institutions of government. The state is a form of human association distinguished from other social groups by its purpose, the establishment of order and security; its methods, the laws and their enforcement; its territory, the area of jurisdiction or geographic boundaries; and finally by its sovereignty.

the ultimate overseer, or authority, in the decision-making process of the state and in the maintenance of order. The concept of sovereignty—one of the most controversial ideas in political science and international law—is closely related to the difficult concepts of state and government and of independence and democracy.

Refers to a large group of individuals who believe that they belong together because the share common identity Nation a large body of people united by common descent, history, culture, or language, inhabiting a particular country or territory.

Relatively modern phenomenon in human history, and people did not always organize themselves as countries. A nation state (or nation-state) is a state where the great majority shares the same culture and is conscious of it.

coined by United States President Franklin D. Roosevelt was first used in the Declaration by United Nations of 1 January 1942, during the Second World War, when representatives of 26 nations pledged their governments to continue fighting together against the Axis Powers.

A legal and Political entity

A socio-cultural entity

Exist with sovereignty

United by bond and share history

emergence of worldwide financial markets and better access to external financing for corporate, national and sub-national borrowers

the creation of a world government which regulates the relationships among nations and guarantees the rights arising from social and economic globalization.

emergence of worldwide production markets and broader access to a range of goods for consumers and companies