To what extent is globalization economically determined? Introduction: Waters (2001) defines globalization as a social process in which geographical constraints on economic, political, social and cultural structures diminish. The idea of ​​globalization is a clear target for ideological suspicion. It seems to justify the spread of Western culture and capitalist society that propose the existence of forces that operate beyond human control and work to alter the world. Karl Marx states that globalization has caused a dramatic increase in the power of the capitalist class because it has opened up new markets for them. Indeed, the discovery of America and the advent of shipping routes to Asia established a "world market" for modern industry. The bourgeoisie took advantage of this opportunity to expand the market for its products throughout the world. (Waters, 2001) Globalization began at the time of colonization and the industrial revolution. This was the beginning of globalization; it stopped briefly during World War I and World War II because most industrialized nations were involved in both wars. The current process of globalization is created by the role of the economy in the globalization of the world. It is very important to apply Marx's theory of globalized capitalism to understand how the economy can produce globalism. Globalization is brought about economically through the creation of multilaterally functioning international organizations and societies by members from all over the world. The most important are the world trade organizations, the International Monetary Fund and multinationals. This essay explores how economics plays an important role in shaping globalization, revealing this role in areas such as trade, finance and... middle of paper... to get the amendment ratified, the IMF internationally and the United States. The Treasury remained a champion of capital account liberalization until the subprime mortgage crisis erupted in 2008. The IMF continued to prod the countries it dealt with to remove domestic obstacles to international finance, and the U.S. pushed its partners in trade agreements to give up capital controls” (Rodrik, 2011, p.95) This statement unmasks how the pressure of this organization and America led to the application of this new policy in non-capitalist countries . Furthermore, it shows a flaw in this system that has caused an international crisis. For example, in 2008, many developed nations experienced such confusion in the markets when many people were laid off in America and Europe. Those employees later had trouble paying their mortgages to banks. Most capitalist institutions, corporations in