The economic aspect of globalization, which is extremely important, involves the reduction or elimination of barriers to international trade, which encourages the integration of countries. The information age has accelerated this process, resulting in greater interdependence of countries. Economic globalization means the increasing connection of the world's economies, and faster transport and communications have enabled companies to actively engage in crossborder trade. Globalization facilitates the flow of people, capital, products, services, knowledge, technology and information among nations, while optimizing the allocation of productive resources. Economic integration includes both goods and service sectors. Merchandise integration includes the production and sale of products on an international level, while service integration implies greater labor mobility and the growth of international services. This process accelerated significantly in the second half of the 20th century and continues to grow. Examples of economic globalization include the growth of multinational companies, the internationalization of capital markets, the relocation of production to countries with lower costs, as well as increased labor mobility. This phenomenon brings numerous advantages, such as cheaper goods and increased well-being, but also disadvantages, such as the loss of jobs in developed countries and a negative impact on the environment. Although economic globalization has been going on for centuries, its growth has been accelerated in recent years by the liberalization of trade and faster communications, which leads us to an increasingly integrated and interdependent global economy.