In 2000, the International Monetary Fund (IMF) distinguished four essential parts of globalization: exchange and exchanges, capital and venture developments, relocation and development of individuals, and the scattering of knowledge.[9] Globalizing processes influence and are impacted by business and work association, financial matters, sociocultural assets, and the regular habitat. Scholarly writing regularly separates globalization into three significant regions: monetary globalization, social globalization, and political globalization.[10]