Discussion
The speed and intensification of economic, political, social and cultural relations across international borders is known as ................ .
Answer: C
This is globalization.
Globalization is the widening, deepening and speeding up of worldwide interconnectedness in economic, political, social and cultural life, so that events in one part of the world quickly affect others. The definition stresses intensity and speed of relations across borders, which is its defining feature.
Political economy is a field of study of the relation between politics and economics, economic development is growth and structural change within an economy, and the world economy is the sum of economic activity, none of which captures the cross-border intensification of all four kinds of relations.
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