Chapter four discusses globalization as a multidimensional process influencing social, political, and economic activities across borders, highlighting three primary perspectives: hyper-globalists, skeptics, and transformationalists. It examines the impacts of globalization on Africa, particularly Ethiopia, noting both positive aspects such as technology access and negative consequences like identity loss. The chapter further defines regionalism and its evolution, contrasting old and new regionalism, and explores the complex relationship between regionalization and globalization.