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The objective of this article is to provide a survey of basic facts about process of globalization. We can define globalization as the international economic integration through particular markets. Globalization is largely continual & objective process that began approximately in the middle of nineteenth century. Main factors determining globalization are technology & liberalization & also "desire of people to participate in globalization." On the other hand globalization reinforces these factors. Within globalization we can also see two following processes. The essence of the first one is centralization & concentration of production & capital & in the centre of second one stands a process of transnationalization. The results of these tendencies are creation & action of transnational corporations. Today these firms are major entities forming present globalization. It is also necessary to give certain attention to the role of state in current world. References. Adapted from the source document.