The G20 is an international forum for the governments and central bank governors from 20 countries. It seeks to address issues that go beyond the responsibilities of any one organization. The G20 heads of government or heads of state have periodically conferred at summits since their initial meeting in 2008. The latest one is hold in Hangzhou, China. Most people thought it important and it made the economic globalization more stable. Globalization means that people from. different countries communicate together and work together. The world is becoming globalizing because many people have benefits in globalization. Business men can set up their business in other countries. Also ,we can have better communication with other countries’ people through the widely used language, like English. About globalization, we can find ‘made in China’ in other countries like America. We can talk with foreign people through the internet. Globalization is an very important thing to everybody. Our life are changing because of globalization. Many people think globalization will give us a better world, but many people don’t agree with it. This paper will explore both the advantages and disadvantages that globalization has on the world. Globalization is good for economy. First, Enterprises can operate internationally, and production can be produced internationally. Similar to poor countries like Africa, although they are poor, they have a lot of cheap labor, other countries will make their goods