Globalization has become a global phenomenon with the growth of the market economy and information technology. With globalization, operators of companies and businesses could use resources, management, expertise, information and manpower from around the world to manufacture the products in the most suitable areas and then sell the products. products in areas that need them, to accomplish the most possible. favorable distribution of resources in the world. This has pushed companies and countries to go beyond the boundaries of local resources and markets, beginning to compete with others in a broader sense to achieve their development. Globalization brings states and regions closer together by reducing the distances between them and increasing the degree of interdependence (Mingst, 2008, pp 129-130). Policy making is not just a national phenomenon, but depends on the international environment. Dependency theory identifies an international system in which rich states constitute the "core" and poor, underdeveloped states, also called third world countries, remain on the periphery. Resources are obtained through methods of force and exploitation by the center from the periphery to maintain their financial development and prosperity (Ferraro, 1996). Critics of globalization describe it as “neo-imperialism” (Sen, 2010) which thus results in unjust unilateral profits. reinforcing the dependency theory. According to dependency theory, underdevelopment and poverty in third world states are not a consequence of tradition, but are essential to the progress of middle states (Bello, 1998). Simply put, the development of central states is the reason for the poverty of peripheral states. In today's world of globalization, dependency is...... middle of paper ......09). To safeguard the interests of their citizens, rich countries like the United States, during the recent recession at the end of 2008, adopted new policies called protectionism (Strange, 1985). It protects its domestic industry from the negative effects of the financial crisis by agreeing to new trade restrictions aimed at imports and other policies intended to limit the flow of wealth out of its country (Faiola, 2009). In conclusion, the impact of globalization could have Economic policy has been extremely economical, but it has brought the dependency theory to the forefront, as the poor are getting poorer and the rich are getting richer. The divide between the Northern and Southern states defines new developments and international relations. The consequences of economic globalization are immense. It remains to be seen whether these consequences support the dependence theory...