"Globalization" refers to transnational ties or the economic penetration of foreign markets. Some think that this will mean the end of the nation-state in favor of an international form of government while others stress that globalization helps the nation-state to adapt to the new world. The lecture traced this phenomenon and its effects on the economic, social and national policies of countries. It also focused on the anticipated effects of globalization in the economic sphere (financial and commercial) the environmental and social sphere (values, national and religious identity) and also the political sphere (the domestic policies of countries, security and military aspects and inter-state policies).