Final answer:
Globalization refers to the increasing interactions and movement of money, people, goods, and ideas worldwide, involving international trade and financial capital flows, and is furthered by technological advancements.
Step-by-step explanation:
The worldwide intensification of interactions and increased movement of money, people, goods, and ideas is known as globalization. This encompasses the expanding cultural, political, and economic connections between people across the globe. Globalization is manifested through various means including international trade and financial capital flows, which refer to the heightened buying and selling of goods, services, and assets across national borders. Furthermore, the movement of people, the spread of cultures, and technological innovations contribute to this interconnectedness, facilitated by advancements in transportation and telecommunications infrastructure, such as the Internet. The International Monetary Fund (IMF) notes that globalization involves trade and transactions, capital and investment movements, migration and movement of people, and the dissemination of knowledge.