What is globalization?
Understand the Problem
The question asks for a definition of globalization. This involves understanding the concept of increasing interconnectedness and interdependence of countries through flows of goods, services, capital, people, and information.
Answer
Globalization is the increasing interconnectedness and interdependence of countries worldwide.
Globalization refers to the increasing interconnectedness and interdependence of countries through flows of goods, services, capital, people, information, and ideas across international borders. It encompasses economic, cultural, and political integration on a global scale.
Answer for screen readers
Globalization refers to the increasing interconnectedness and interdependence of countries through flows of goods, services, capital, people, information, and ideas across international borders. It encompasses economic, cultural, and political integration on a global scale.
More Information
Globalization has significantly increased since the late 20th century due to advancements in technology, communication, and transportation.
Tips
A common mistake is to think of globalization as solely an economic phenomenon, but it also includes cultural and political dimensions.
Sources
- What is Globalization? - Peterson Institute for International Economics - piie.com
- Globalization - National Geographic Education - education.nationalgeographic.org
- Globalization - Wikipedia - en.wikipedia.org
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