What does "interconnectedness" refer to in the context of globalization?

Interconnectedness in the context of globalization pertains to the relationships and links formed between countries and economies due to various factors, including trade, investment, technology, and culture. This concept highlights how nations are increasingly dependent on each other, leading to shared markets, cultural exchanges, and even collaborative responses to global challenges. As economies become more integrated, goods, services, ideas, and cultures flow more freely across borders, fostering a sense of global community while also presenting both opportunities and challenges for individual nations. This interconnected nature is at the heart of globalization, emphasizing the dynamic interactions that shape our world.