Final answer:
Globalization refers to the increasing intensity with which worldwide forces shape local conditions, evident in the changing dynamics of corporate production and job distribution.
Step-by-step explanation:
The concept that refers to the reshaping of local conditions by powerful worldwide forces on an ever-intensifying scale is known as globalization. This phenomenon involves the dramatic increase in global processes of production and consumption, and it influences various aspects of life, including economic practices, politics, communication, and culture. A notable example of globalization's impact is the tendency for corporations to relocate factories to countries where labor is more cost-effective, and environmental regulations may be more lenient. This shift has significant consequences, such as the loss of working-class jobs in the originating countries and rising levels of inequality, provoking political discussions about the role and power of nation-states in a globalized world.