Question

Which of the following is the best definition of globalization?

the growing interconnection of the world’s many economies

the growing domination of the world economy by the United States

the growing loss of economic power by the United States

Answer 1

The best definition is: "the growing interconnection of the world’s many economies."

Globalization refers broadly to increasing economic, cultural, political and technological integration and interdependence across countries — not specifically U.S. domination or decline.