This essay assesses the impact of economic globalization on political stability in developing countries. It defines economic globalization as the process of integration of national economies. Economic globalization is distinguished from marketization, or the extension of market-based allocation processes through liberalization, privatization, and deregulation. Economic globalization and marketization overlap but need to be distinguished, as they have different impacts on politics in developing countries. The essay reviews the progress of economic globalization; in recent years, international economic integration has been spurred by dramatic increases in international financial flows and trade.