The concept of globalization is associated with the process of expanding crossborder transactions and interactions in the political, socio-cultural, and economic spheres. It describes the phenomenon of denationalization, which tends to be perceived as a political project. Globalization in the international political system is considered centralized due to its impact on external relations and its close connection with political structures and mechanisms. The creation of the necessary international rules and institutions is characterized by the fact that the concept of global governance is a political response to the processes of economic and social globalization. The influence of the era of globalization on the development of international politics and economic structures has turned out to be deep and complex, being the background for the creation of new political forms and stages of its development. The modern process of globalization is focused on international transformations in the field of politics and economics. It is important to emphasize the fact that the concept of globalization is a broad issue that is an integral part of every field of public activity. It can be described as an acceleration of global economic and political interconnections; the analysis of this phenomenon made it possible to assess the problems caused by its development. This article shows the importance of the globalized world for the life of individual states and international cooperation. The large-scale changes caused by globalization have proved its significant role for cultural, social, economic, and political formation at the international level. The research was based on the theory of globalization, the concept of sustainable development, and the theory of competition. Conclusions. The impact of globalization is felt most strongly when it comes to identity, whether it is an individual or a community. Although globalization can have positive effects, this phenomenon needs to be critically assessed in order to ensure that its negative consequences are understood, studied, and effectively addressed.