WORLD HISTORY

Detailed explanation-1: -However, connectivity implies a bilateral relationship (it takes two to tango) and improved connectivity is a condition that escapes isolation and makes interdependence “contestable” when barriers to interacting are lowered and economic agents contribute to fostering a (potential) competition of interactions.

Detailed explanation-2: -Globalization is a term used to describe the increasing connectedness and interdependence of world cultures and economies.

Detailed explanation-3: -Economic globalization is an Irreversible Trend The rapid growing significance of information in all types of productive activities and marketization are the two major driving forces for economic globalization.

Detailed explanation-4: -Economic “globalization” is a historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders.