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