What does the term globalization primarily refer to in the contemporary world?
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Correct answer: The deepening links between national economies, cultures, and societies
Globalization refers to growing connections among countries through trade, communication, culture, and technology. These links intensified especially after the Cold War.
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More Globalization questions
- Which technological development most accelerated globalization in the late 20th century?
- Which economic practice is most closely associated with globalization?
- What role do multinational corporations play in globalization?
- Which international organization promotes global trade rules and dispute resolution?
- How has globalization affected cultural exchange?
- Which economic sector expanded rapidly due to globalization?