What is globalization?

Globalization refers to the process through which people, cultures, and economies around the world become increasingly interconnected. This interconnectedness manifests in various ways, including the expansion of international trade, investment, and migration. As economies and societies interact more closely, they share goods, services, technologies, and ideas, which helps foster cultural exchange and economic growth.

Understanding globalization as the increasing interconnectedness of people and economies highlights the importance of cooperation and collaboration in the modern world. It reflects the movement towards a more integrated global economy, where events in one part of the world can have profound effects on other regions. This encompasses not only economic relationships but also social and cultural dimensions, as communities around the world learn from one another and adapt to the influences of globalization.

Other options do not accurately reflect the concept of globalization. Isolation of national economies suggests a retreat from global interaction, which directly opposes the nature of globalization. A decrease in international trade indicates a lessening of interconnectedness, while a reduction of cultural exchange implies that cultures are becoming more distinct and isolated rather than blending and interacting.