What does "globalization" refer to?

Globalization refers to the increased interconnectedness among countries, which encompasses the flow of goods, services, information, and cultural exchange across international boundaries. As countries become more intertwined economically, socially, and politically, globalization promotes the idea that events in one part of the world can influence people and economies elsewhere. This interconnectedness can enhance trade, spur technological advancements, and facilitate cultural exchange, leading to a more integrated global community.

The concept stands in contrast to isolationism, which advocates for a separation from global affairs. A focus on local economies would suggest a preference for self-sufficiency over international trade and cooperation, which is opposed to the principles of globalization. Similarly, a reduction in cultural exchange would indicate an attempt to limit interactions and understanding between cultures, which goes against the very essence of what globalization aims to achieve by fostering engagement and dialogue across different nations.