Globalization has deeply impacted nations through increased economic interdependence, driven by global trade and the influence of multinational corporations like Walmart and McDonald's.
Globalization refers to the process of integrating governments, cultures, and financial markets through international trade into a single world market. This phenomenon has significantly impacted nations around the world over the past decade. For instance, increased global trade has led to greater economic interdependence between countries, making them more vulnerable to economic disruptions in other parts of the world. The rise of global corporations like Walmart and McDonald's has further intensified this interconnectedness, demonstrating how globalization influences local economies and communities on a global scale.
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