The historical origins of what we know today as globalization are highly debated. Additionally, an authoritative definition of the term has proved elusive. Authors sympathetic to particular theoretical perspectives see globalization through different lenses, and thus come to different conclusions in their treatment of these questions, and in their considerations of globalization’s positive and negative attributes. However, most commentators can agree that globalization is a multi-faceted phenomenon, which has accelerated in the 20th century, arguably reaching its greatest point of impact so far today. For the purpose of coherence, this essay shall consider globalization to consist of three interconnected and complementary spheres, or types. These are cultural, economic, and political. This essay will consider the positive and negative aspects of each of these areas of globalization, incorporating different theoretical perspectives to assist this analysis. The conclusion of this essay will be void of any comprehensive appraisal or condemnation of globalization in totality. As the body of the essay shall demonstrate, globalization if anything, is complex, and therefore expresses both positive and negative traits concurrently.