Global Interconnectedness

Definition

Global interconnectedness refers to the increasing interdependence and integration of countries and regions through the exchange of goods, services, information, and ideas on a global scale. It highlights the ways in which economic activities in one part of the world can have ripple effects across other parts.

Related terms

Globalization: The process by which businesses and organizations develop international influence or start operating on an international scale.

Trade: The buying and selling of goods and services between countries.

Outsourcing: The practice of hiring another company or individual to perform certain tasks or functions instead of doing it within one's own organization.