How is globalization best defined?

Globalization is best defined as a process of increased interconnectedness and interdependence among countries. This concept encompasses the integration of economies, cultures, and populations through various means, including trade, investment, technology, and the spread of ideas. As nations engage more with one another, they benefit from shared resources, knowledge, and markets, leading to economic growth and cultural exchange. This dynamic interaction can result in higher standards of living, increased access to goods and services, and an overall expansion of global markets.

The incorrect answers reflect misunderstandings of globalization. For example, isolation among countries is contradictory to the very essence of globalization, which promotes connections rather than separation. Similarly, reducing international trade and focusing solely on domestic products oppose the fundamental concepts of globalization, which emphasize the importance of cross-border activities and collaboration to enhance economic prosperity and cultural interaction worldwide.