Key Development in Globalization

Since the 1980s, globalization has significantly impacted economies, cultures, and political relations around the world. The rise of technology, international trade agreements, and multinational corporations have accelerated interconnectedness among nations. One of the most notable effects of globalization is the increase in the flow of goods, services, and capital across borders.

Which of the following developments is primarily associated with the globalization of the world economy in this period?