The term globalization is becoming more and more frequent in contemporary political science, sociology and in economic sciences. Globalization is the process of integration and interaction among people managed by international financial institutions. It has a significant impact on culture, environment, economic development and prosperity, political systems and well-being of people in societies and communities throughout the world. Globalization is described as transfer from local to global control, throughout which, the operation of the centralized government and the relation between a variety of participants operates within a context that is, indeed, more global than local. Globalization is not a phenomenon or just some passing trend. It is an international system shaping the domestic politics and foreign relations of virtually every country. The main international financial institutions that control the process of globalization are: the IMF, the World Bank and other international, regional and European financial organisations. When considering the economic dimension of globalization, we can say that the motives and causes of globalization are: technological advances, international regulation and the capitalist mode of production under the influence of international economic institutions, trade laws and multinational companies with strong incentives for the development of technology. The economic dimension of globalization is seen as an inevitable process of growth of international flows of goods and capital.Economic globalization is under the influence of trade laws, international economic policies, states and international financial institutions. The economic dimension of globalization means primarily the creation and establishment of rules of the single market in the world. It is also considered as the main cause of globalization according to the needs of the dynamic and growing capitalism in the world, whose directions have a clear tendency for rapid growth. The Republic of Croatia follows globalization trends and is an integral part of numerous international financial institutions, as well as full member of the European union, which confirms its globalization tendencies.