What is globalization?

Globalization is best understood as the integration of economies and cultures on a global scale. This process involves the increasing interconnectedness of countries through trade, investment, technology, and the exchange of ideas and cultural elements. It reflects how different regions of the world are becoming more interdependent, leading to the sharing and blending of economic practices, social norms, cultural values, and technologies across borders.

This phenomenon can manifest in various ways, including the rise of multinational corporations, the flow of capital across borders, and the widespread accessibility of cultural products such as music, films, and food from different parts of the world. Globalization thus allows for a more extensive interaction between diverse populations, impacting economic development and cultural exchange significantly. The other options reflect concepts that are either opposite to or divergent from the process of globalization, focusing instead on localism or isolation, which do not capture the essence of the global interconnectedness defined in the correct answer.