The cultural and economic changes resulting from dramatically increased international trade and exchange in the late twentieth and early twenty-first centuries are known as Globalization.
Step-by-step explanation:
Globalization is the process of changes that took place in the culture and the economics of the world by which the world became increasingly singular and connected and more and more events happening across the world could effect the ones happening thousands of miles away.
This impacted the trade and culture of the world by creating a sense of new global culture in which different ecosystems of influence were coexisting simultaneously on the world stage