What is globalization?

Globalization refers to the increasing interconnectedness of economies, cultures, and populations on a global scale. This phenomenon encompasses various aspects, including the flow of goods, services, technologies, information, and cultural exchanges across national borders. Globalization fosters economic interdependence among countries through trade and investment, enabling nations to participate in a global market.

The concept also relates to the spread of cultural practices and norms influenced by global interactions, making it a multifaceted process impacting various societal elements, such as politics, business, and daily life. Understanding globalization is essential for analyzing contemporary issues such as international cooperation, economic inequality, and cultural dynamics.

The other options do not fully encompass the breadth of globalization. Cultural assimilation describes a specific cultural integration rather than the broader economic and social interconnectivity. Promoting local businesses over international trade focuses on a nationalistic approach that contradicts the essence of globalization, which seeks to integrate markets and cultures. Establishing global military alliances pertains to security and defense, not the economic and cultural dimensions that define globalization.