Characteristics of Globalization

Since the 1980s, the phenomenon of globalization has transformed economies, cultures, and societies around the world. This process has led to increased interconnectedness and interdependence among nations through trade, communication, and technology. A significant impact of globalization can be observed in various sectors such as manufacturing, services, and even culture. With this context in mind, consider the concept of globalization and its various implications.

Which of the following is a major characteristic of globalization since the late 20th century?