Answer:
The correct answer is B. The increasing interconnectedness of peoples and countries around the world is known as Globalization.
Explanation:
Globalization is a concept of a complex process that affects most of all areas of human life. These changes are both subjective and objective, and, as the name implies, are not limited to specific areas but extend around the world.
In short, globalization is leading to an increase in the flow of information, products, capital, people and ideas through national borders and as a result people's perception of time and space changes. World distances diminish and relationships grow. Different global economies are becoming more dependent on each other through economic globalization.
It should be noted that globalization is not necessarily a positive development and has a huge impact on people depending on where it is in the world. People in developing countries are experiencing the effects of globalization in a completely different way than the inhabitants of western world cities.
