Final answer:
Globalization refers to the increasing integration and interdependence of economies and societies worldwide, facilitated by the movement of people, cultural exchange, and technological advancements. It has also led to multinational corporations operating globally, which can have both positive and negative impacts, including creating interconnected financial markets that can both benefit and harm national economies.
Explanation:
Throughout history, as people explored, migrated, and traded, they created connections that spanned continents and oceans, laying the groundwork for today's global networks. These activities have intensified with advancements in transportation and telecommunications. For example, international trade is a significant driver of globalization, leading to the creation of global markets where products and services can move across borders seamlessly.
However, interconnected financial markets also mean that economic downturns can have a global ripple effect, impacting investors and ordinary people worldwide. The spread of multinational corporations such as Walmart, McDonald's, or Ford exemplifies modern globalization, using resources and labor from various countries to meet the demands of the global marketplace.
Ultimately, the degree to which globalization and interconnectedness create a better world remains a topic of discussion and inquiry, with different countries experiencing the effects in varying ways depending on their ability to compete on an international stage.