Final answer:
Globalization is the term describing the trend of worldwide interconnectedness, primarily through the exchange of media, culture, and economic activity. This has been facilitated by technological advancements and the increase in international trade and communication, drastically influencing global culture and political landscapes.
Step-by-step explanation:
The term applied to the ongoing trend of information, knowledge, and resource sharing around the world is globalization. This concept encompasses the interconnectedness of societies and economies throughout the world, which has been greatly influenced by the cross-cultural exchange of ideas and the ability to communicate and trade freely across national borders. With the advent of technologies like the internet, smartphones, and social networks, the flow of goods, services, and information has become more seamless, contributing to a more integrated global media culture.
Additionally, globalization has been characterized by the rise in international trade and financial capital flows, fundamentally altering global culture through communications technology. Events such as the Arab Spring and the Egyptian Revolution of 2011 illustrate the profound effect of media globalization in spreading news and fostering a greater awareness of global events. However, it's also important to acknowledge that access to this global network tends to be more available to those who are affluent, primarily English-speaking, and from developed regions.