Globalization is a relatively new term describing the processes that are in the world taking place for centuries. These are the economic, social and political processes which seek to create a unified world market, the opening of borders and the abolition of customs barriers, all in order to smooth exchange of commodities, goods and services. This study will describe the importance and consequences of global processes in the world with a focus on the economic crisis that occurred in East Asia in the mid 90s of the 20th century. The crisis has affected several countries in East Asia, but has had an impact on the world economy, in its resolution have been involved the world's major financial institutions, the IMF and WTO, it was a crisis of global character. In this study I described positive effects of globalization processes, as well as negative ones, and described the emergence of alternative globalization movement, the so-called antiglobalist who is on his way struggle against globalization.