The increasing exchange of goods, services, ideas, and people among countries is referred to as ______.

The increasing exchange of goods, services, ideas, and people among countries is referred to as globalization.

Globalization encompasses economic, social, and cultural dimensions and is driven by advancements in technology, transportation, and communication. It allows for greater interaction and integration at a global level, resulting in a more interconnected world. This phenomenon has significant implications for economies, societies, and environments across nations, affecting aspects like trade policies, labor markets, cultural exchanges, and regulatory frameworks. Globalization can present opportunities for growth and development, but it can also lead to challenges such as inequality and cultural homogenization.