Final answer:
The term is globalization, driven by technological advancements and international treaties, leading to a rise in international trade and economic connectivity between nations.
Step-by-step explanation:
The term that refers to the increasing ease of flow of information, goods, and services between countries is globalization. This phenomenon has occurred due to a variety of factors, including technological advancements in transportation and communication, which have reduced costs and made long-distance economic connections more manageable. Furthermore, numerous international agreements and treaties have been instrumental in encouraging free trade by reducing government-imposed barriers such as tariffs and import quotas.
Products and services that can be digitized, such as computer software, financial advice, and entertainment, are especially impacted by globalization. They can be distributed globally with relative ease over telecommunications networks. The result of these combined forces has been a noticeable increase in international trade and financial capital flows, binding economies closer together.