There are many different ways to conceptualize globalization, and there is no one "correct" way to categorize it.
Economic globalization refers to the increasing interconnectedness and interdependence of the global economy, including the increasing trade.
Investment flows between countries, the growth of multinational corporations, and the increasing influence of international organizations such as the World Trade Organization.
Political globalization refers to the increasing interconnectedness and interdependence of political systems around the world,
Including the increasing role of international organizations in global governance, the increasing influence of transnational advocacy networks, and the growing importance of international relations in shaping domestic politics.