Final answer:
Globalization is the term that describes the intensification of worldwide interactions, encompassing economic, cultural, and political exchanges, heightened by advances in transportation and telecommunication, and manifested in increased international trade and capital flows.
Step-by-step explanation:
The term for the worldwide intensification of interactions and increased movement of money, people, goods, and ideas within and across national borders is known as globalization. This process includes the exchange of world views, products, ideas, and cultural aspects. An important component of globalization is the expansion of international trade and financial capital flows, which encompasses the increased buying and selling of goods, services, and assets across national borders. Major advances in transportation and telecommunications infrastructure, such as the telegraph and the Internet, have greatly enhanced globalization, leading to a more interdependent global economy.