Final answer:
Globalization is the interconnectedness of societies and economies throughout the world. Countries depend on one another through economic, financial, and cultural interdependencies.
Step-by-step explanation:
Globalization refers to the interconnectedness of societies and economies throughout the world as a result of trade, technology, and the adoption and sharing of various aspects of culture. It is the process of integrating governments, cultures, and financial markets through international trade into a single world market.
Countries of the world depend on one another in several ways:
- Economic Interdependence: Countries rely on each other for trade and access to resources. For example, a country may import oil from another country to fulfill its energy needs.
- Financial Interdependence: Countries borrow money from each other and invest in each other's markets. This helps stimulate economic growth and facilitates international investment.
- Cultural Interdependence: Countries exchange ideas, knowledge, technologies, and cultural practices. This can lead to cultural diversity and mutual understanding among nations.