A globalized economy refers to an interconnected and interdependent economic system where countries around the world are connected through trade, investment, and communication.
Related terms
International Trade: The exchange of goods and services between countries.
Foreign Direct Investment (FDI): Investments made by individuals or companies from one country into businesses located in another country.
Globalization: The process of increasing integration and interdependence among countries in various aspects such as economics, culture, technology, etc.