How is "economic globalization" best defined?

Economic globalization is best defined as the increasing economic independence and integration of the global economy. This concept emphasizes how countries and markets around the world are increasingly interconnected through trade, investment, and the movement of goods, services, and labor. As economies become more intertwined, actions taken in one part of the world can significantly affect economies and markets elsewhere, showcasing a networked approach in which nations collaborate, compete, and rely on each other for economic growth.

The prevailing dynamics of globalization include the expansion of international trade agreements, multinational corporations operating across borders, and the flow of capital and technology that drive economic development. This integration leads to enhanced cooperation among nations, innovation, and shared economic opportunities, ultimately diminishing the concept of isolationism among national economies. The correct choice encapsulates these attributes, highlighting the overall trend toward a more unified economic landscape.