In what way does globalization contribute to economic systems?

Globalization plays a crucial role in enhancing interdependence among global actors. This occurs as countries become more connected through trade, investment, and technological advances, leading to increased cooperation and collaboration across borders. For instance, a country's economy may rely on resources, goods, or services from another country, creating a web of economic relationships where the success of one can significantly impact others.

As nations engage more with one another, they share not only products but also innovations, policies, and practices, which can lead to economic growth and development. Multinational corporations operate across various countries, further solidifying this interdependence as they establish supply chains that span the globe. This interconnectedness allows for the sharing of ideas and opportunities, ultimately contributing to a more dynamic and integrated global economy.

In contrast, the other options present views that do not align with the reality of globalization. For example, increasing isolation among regions contradicts the essence of globalization, which aims to connect distant markets. Similarly, fostering local economies independent of global markets overlooks how local economies often rely on international trade and investment. Lastly, standardizing cultural practices worldwide suggests a degree of uniformity that does not accurately reflect the diversity and unique practices that coexist due to globalization, as cultures continue to adapt and