Here is a concept map of globalization with eight aspects to illustrate globalization: economy, finance, society, technology, politics, and so on. Globalization of production, finance, markets, technology, organizational regimes, institutions, corporations, and labor are the primary components of economics. Political government action takes place on a global scale rather than a national scale. Nations are increasingly collaborating on a worldwide scale. Check out the details on this concept map of globalization and try to make your own. The term "globalization" refers to the increasing interdependence of the world's economies, cultures, and populations due to cross-border trade in goods and services.