Final answer:
Globalization is the expansion of cultural, political, and economic connections across the world, exemplified by increased international trade and financial capital flows. It encompasses the movement of people, the sharing of ideas, and the merging of cultures, contributing to a more interconnected global community.
Step-by-step explanation:
The expansion of economic, political, and cultural processes to the point where they affect populations worldwide is known as globalization. Globalization refers to the increased interconnectedness and interdependence of the world's markets and businesses. This phenomenon is highlighted by the rise in international trade and the movement of financial capital flows across national borders, resulting in a global economy where the exchange of goods, services, and assets are pervasive.
Furthermore, globalization encompasses the movement of people and the transmission of ideas and technologies, leading to a spread of cultures. The interaction and integration among people, companies, and governments worldwide have major implications on cultural, social, political, and economic levels. The global landscape evolves as businesses expand across borders and information is transmitted instantly, tying the fortunes of nations closer together and creating a more unified world market.