What is era of globalization?

The era of globalization refers to the period of increasing interconnectedness and interdependence among countries, economies, and cultures, characterized by the rapid flow of goods, services, information, and people across borders. This phase, which gained momentum in the late 20th century with advancements in technology and communication, has led to significant economic growth, cultural exchange, and collaboration but also poses challenges such as inequality, cultural homogenization, and environmental concerns. The phenomenon has transformed international relations and reshaped local economies, making it a defining feature of contemporary society.