This paper will examine and assess the impacts of globalization inside an overall economy. It will talk about the certain positive externalities of globalization weighted against the acknowledged negative impacts of a more corresponded commercial center. Deregulation, diminished administrative oversight, specialized advancement and human advancement has encouraged expanded availability and monetary reliance, bringing about the compelling improvement of a bug catching network of interlinked, advertise members, enclosed by a cover of business process obscurity. Globalization and the changing monetary modalities of organized commerce standards, combined with deficient hazard relief systems will be broke down as an impetus and forerunner to the crumple of capital markets worldwide and the consequent downfall and chapter 11 of Lehman Brother's activities universally. A structure will be inspected where internationalization has developed a domain of expanded benefit abuse openings, yet has likewise through data asymmetry made domino system of irresistible framework parts whose singular disappointment trade off the prosperity of the whole framework. Watchwords: Globalization, Lehman Brothers, Externalities, Economy, System, Strategy. An intense investigation on the impacts of the constructive and pessimistic externalities of consistent globalization inside the advancement of a one world market composite worldwide monetary identity GLOBALIZATION is characterized as the procedure by which geographic limits have been risen above by expanded specialized advancement. It is the advancement of a one world commercial center, or worldwide financial environment represented by the interconnectivity of individual segment monetary units. Globalization is an arrangement of procedures, as opposed to an end circumstance speaking to the persistent disintegration of all obstructions to organized commerce, expanding worldwide financial incorporation. (Kaarbo and Lee, 2005). Business extension through internationalization is a decidedly related capacity of globalization. Globalization has made a solitary, brought together worldwide monetary group, working as a dynamic composite identity, saturating all market verticals, industry segments and political contracts (LeBon, 1973) The undeniably homogenized and consistently straightening operational scene made as a globalization aggregate oblivious symptom, has encouraged various undisputed advantages to all market members, including the liberation of ladies, expanded courses to showcase for business, brought down generation costs, bettered store network organizes, a more profound worldwide work pool, an expansion in total purchaser power and incalculable others.(Jung, 1934) The procedure of globalization through all techniques has brought about a more freed free market financial original. The formation of the Internet in the mid 1990's and the innovative advancement delighted in since has encouraged an intermingling and homogenization of upper hands. Organizations have expanded access to a more taught, socially various ability pool, taking into consideration and aiding the improvement of feasible upper hand. Inventory network arranges that rise above custom geographic limits have brought down the expenses of generation, enhancing the authoritative primary concern. Enhanced benefits through cost sparing has delivered a move in the interest bend for work. Institutionalized item contributions exhaustive guaranteed worldwide assembling best practice philosophies have managed the purchaser the advantage of having the capacity to underestimate quality. As the world ends up littler with less demanding access to data, significant upgrades in instruction and social insurance have been conceivable; initially thought serious illnesses currently have treatment bringing down baby death rates and enhancing futures. Between 1950 the overall newborn child death rate was 174 passings for every 1000, in 1990 this figure had tumbled to 64 passings for every 1000 (CIA Fact Book, 2006) Furthermore once socially suppressive states are currently waking and tolerating the likelihood of ladies in the work drive with the sound that by constraining the financial members accessible in their individual economies a said nation will bring down its capacity to go up against more sexual orientation pleasing and tolerating nations. Globalization has essentially modified the manner in which associations contend, the manner in which they showcase and their natural offers. Organizations are never again characterizing methodology with a nearby inclination, yet are contending inside a worldwide business environment, where choices must be made by seeing the majority of the sources of info and yields of that framework. Organizations can never again work as free segments of a monetary group yet rather go about as interrelated segment parts of a general framework (Von Bertalanffy, 1976) Open markets are the best motor for lifting expectations for everyday comforts and building shared aggregate flourishing. (Clinton, 2000) Only nations that evacuate the shackles to facilitated commerce, capital development and universal rivalry will acknowledge financial advancement. In gauging the advantages of consistent globalization it is apparent that for each positive there is frequently a negative. A few financial specialists contend that globalization debilitatingly affects developing markets and childish industry, crushing rather that brooding rivalry by permitting first world monetary powers through vague and fine print baffled exchange assentions to abuse the norm, coming up short on creating countries for all procedures of utilization fulfillment. The interconnectivity of rich and poor countries is a zero aggregate diversion, that exists outside the structure of pareto foundation. It isn't feasible for one monetary unit (Country) to profit without exacerbating another financial element off. Somebody needs to win and somebody needs to lose. It is still anyway satisfactory and helpful if the option of not taking part in exchange is less flavorful than the misfortune that any such exchange would bring about. (Pareto, 1970) It is evident that there are huge in-value issues because of globalization. It is contended that globalization has expanded sovereign riches salary imbalances with persistent difference bringing about more polarization of livelihoods around the world. More prominent access to work markets has on one given encouraged expanded business, and then again the abundance supply has made a maker sovereign work showcase and consequently brought down worldwide wage rates. Lower discretionary cashflow especially in developing economies, brings down total interest inside the national economy. (Keynes, 1970) The brought down interest for interior work because of diminished cash supply is the antecedent to an endless loop of joblessness because of repetitive interest, and persistently brought down national bank loan fees trying to infuse energy into monetary development. This implies as opposed to utilizing the open doors made by the products of globalization, poorer countries are battling with interior financial hardship, and falling considerably further behind their Western partners. The second expense of globalization originates from the asset and financial interdependencies that it makes. Whenever economies and the organizations inside those economies are so firmly connected and associated, there is a fundamental hazard to the entire financial environment that on the off chance that one of the parts of that framework were to flop, there would be a domino impact thumping over every single other component of that framework. (Lowenstein, 2002) This is confirm in the fall of the subprime lodging market in the United States in late 2007. As budgetary foundations floundered in the US because of complex organized items comprehended by few, the issues unavoidably started to spread to firms in Europe and the United Kingdom. The sheer thickness and number of obscure connections between's organizations implied that nobody association had a total image of its presentation to it counterparties. This absence of learning kept firms from having the capacity to actualize any hazard moderating techniques and was a definitive reason for the disappointment of Lehman Brothers, extremely old Wall Street speculation managing an account monster. Lehman Brothers International, as an association assembled itself on the establishment laid by monetary globalization, from a crude level two speculation keep money with seventeen billion dollars of income in 2003 to fifty seven billion dollars in 2007.(Ishikawa, 2009) With the advantage of knowing the past, globalization was the best Lehman Brothers change champion and all the while its Achilles heel. As the monetary administrations world held delivers heavenly marriage in mid 1990's, consenting to perpetually tolerant repurchase financing terms for individual individuals, the congregation chimes were ringing denoting the start of the end. Complex money related speculative chemistry was utilized to grow profoundly organized, very beneficial instruments of theory with Lehman Brothers and countrymen driving the charge. Simpler access to abroad markets and demographic made by globalization had permitted the firm on offer its administrations on a consistently broadening remote group of onlookers. Lehman Brothers trusting that it was working in non related markets and basically supporting its wagers kept on making and offer money related subsidiaries. At the point when the music halted and the market started to soak in 2007, Lehman Brothers promptly wound up in a new circumstance. Not exclusively were US markets falling, however it appeared that world markets were acting as one and crumbling together. Lehman Brothers as a component of globalization encountered a dark swan occasion, an occasion so factually improbable that it was probably not going to occur in a million years. A brutal exercise on the dark swan important, 'The perception of one thousand white swans isn't sufficient to deduce that all swans are white, yet the locating of a solitary dark swan is sufficient to disprove the conclusion'(Taleb, 2007) An overall retreat as experienced in 2010 caused partially by globalization could result in a longing by government and market parti>