Globalization refers to the process of increasing interconnectedness and interdependence among nations through the exchange of goods, ideas, and culture. It encompasses the growth of international trade, the spread of information and communication technology, and the increasing mobility of people and capital across borders. Globalization has been facilitated by advances in transportation, communication, and information technologies, and has led to a growing integration of the world economy.
Source: Held, D., McGrew, A., Goldblatt, D., & Perraton, J. (1999). Global transformations: politics, economics, and culture. Stanford, CA: Stanford University Press