What does the term "Globalization" refer to in the context of modern world history?

The term "Globalization" in modern world history refers to the integration of economies, cultures, and populations across the world. This process has been facilitated by advances in technology, communication, and transportation, allowing for greater interaction and exchange among different regions and societies. Economic globalization has led to increased trade and investment flows between countries, while cultural globalization has resulted in the sharing and blending of cultural practices, ideas, and values across borders.

This concept highlights the interconnectedness of nations and how local events can have global ramifications, affecting everything from markets to cultural identities. Over the past few decades, globalization has transformed how people live and work, breaking down traditional barriers and fostering a sense of global citizenship. Understanding this integration is crucial for comprehension of contemporary issues regarding economics, culture, and international relations.