Final answer:
Globalization has changed world economies by increasing trade and interdependence, led to more diverse products being available in many countries, and has changed world politics through international cooperation and increased interconnection.
Step-by-step explanation:
Globalization is the process of integrating governments, cultures, and financial markets through international trade into a single world market. Over the past decade, globalization has had a significant impact on world economies. It has led to increased trade and investment, creating new opportunities for businesses and consumers. Globalization has also resulted in the interdependence of economies, where changes in one country can have ripple effects on others.
Globalization has led to a greater diversity of products being available in many countries. Through international trade, companies can access new markets and introduce their products to a wider audience. This has resulted in a greater variety of goods and services being available to consumers across the globe.
Globalization has also changed world politics. It has facilitated the formation of international organizations and agreements aimed at promoting cooperation between countries. It has also increased the interconnection and interdependence of nations, making global issues such as climate change and terrorism more pressing. However, globalization has also been criticized for giving too much power to multinational corporations and influencing political decisions.