Final answer:
Globalization is the worldwide intensification of social and economic interactions and interdependence between different parts of the world.
Explanation:
Globalization refers to the worldwide intensification of social and economic interactions and interdependence between disparate parts of the world. It encompasses the integration of governments, cultures, and financial markets through international trade into a single world market. Globalization has accelerated due to rapid transportation and communication technologies, leading to the rise of large transnational corporations.
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