Final answer:
Globalization is defined as the interdependence among countries through the free movement of goods, services, financial capital, and knowledge. This has been facilitated by international trade, advances in transportation, and telecommunications such as the internet, increasing global competition.
Step-by-step explanation:
The economic interdependence among countries as reflected in the free movement of goods, services, financial capital, and knowledge across geographic borders is defined as globalization.
This phenomenon has been increasing over recent decades and involves the expanding cultural, political, and economic connections between people around the world. One clear indicator of globalization is the international trade and financial capital flows that occur across national boundaries. Moreover, advances in transportation, and telecommunications infrastructure, including the rise of the Internet, have further perpetuated globalization, leading to increased competition in different regions and countries.