Globalization is increasingly mentioned in contemporary political science, sociology, and economic sciences. Globalization is an integration and interaction process managed by international financial institutions and has a significant impact on culture, the environment, economic development and prosperity, political systems and the well-being of people in societies and communities around the world. Globalization is described as a substitute for local control by a global one, through which state-centric action and conditions of enactment dissolve in the structure of relations between different actors, acting in a context that is truly global rather than international. Globalization is not only a transient trend, it is an international system that today shapes the internal politics of international relations in almost all countries. The main international financial institutions governing the globalization process are: the IMF, the World Bank and other international and regional as well as European financial organizations. When looking at globalization from an economic dimension, we can say that the incentives and causes of globalization are technological progress, international regulation and the capitalist mode of production under the influence of international economic institutions, market laws and multinational companies with strong incentives through the development of technology. The economic dimension of globalization is being implemented as a necessary process for the growth of international flows of goods and capital. Economic globalization is influenced by market laws, international economic policies, states and international financial institutions. The economic dimension of globalization signifies, first and foremost, the creation and establishment of the rules of the single world market and is considered to be the main cause of globalization to the needs of dynamic and growing capitalism in the world, and the directions have a clear tendency for rapid growth. The Republic of Croatia follows globalization trends and is an integral part of many international financial institutions, and today it is a full member of the European Union, which confirms its globalization aspirations.