Final answer:
Globalization is the process that connects local communities with the global community through trade, technology, and the sharing of culture, leading to an interconnected global society. It involves a sense of time-space compression, contributing to what might become a global culture. Technologies like the Internet and social media have facilitated this interconnectedness, affecting all aspects of life from social change to economic activity.
Step-by-step explanation:
The rapid process of social change that creates connections between the local community and the rest of the world is known as globalization. Globalization refers to the interconnectedness of societies and economies across the globe through trade, technology, and shared culture. It has led to a sense of time-space compression where distances seem smaller due to the rapid transmission of information, creating an environment where activities in one part of the world can significantly affect other parts.
Through the widespread use of information and communication technologies like the Internet, mobile phones, and social media, individuals and societies are becoming more intertwined than ever. This has facilitated the movement of people and the spread of cultures and technologies, contributing to a potential emergence of a global culture. Governments, corporations, and individuals all participate in and contribute to this dynamic, which is reshaping world societies and economies at an unprecedented pace.
Crowdsourcing, for instance, is a modern manifestation of globalization, engaging people worldwide to collaborate and solve problems using technology. Societies worldwide are observing how our increased interconnectedness is affecting social change, cultural exchange, and economic activities on a global scale.