Globalization refers to the growing interdependence of countries and peoples around the world as a result of increased trade, investment, and cultural exchange.

The International Monetary Fund (IMF) is an international organization that promotes international monetary cooperation, exchange rate stability, and orderly exchange arrangements.

The General Agreement on Tariffs and Trade (GATT) was an international agreement that established the World Trade Organization (WTO).

International trade refers to the exchange of goods and services between countries.

China is the largest exporter of goods in the world.

Foreign direct investment (FDI) refers to the investment made by a company or individual in a foreign country.

The United States is the largest recipient of foreign direct investment in the world.

Migration refers to the movement of people across national borders.

The United States has the largest number of international migrants in the world.

Convergence refers to the process by which countries become more similar to each other in terms of their economic, political, and cultural systems.

Globalization backlash refers to the negative consequences of globalization, such as increased inequality, environmental degradation, and cultural homogenization.

Regionalization refers to the movement towards greater regional integration, such as the European Union or the Association of Southeast Asian Nations (ASEAN).

Deglobalization refers to the process by which countries become more self-sufficient and less dependent on international trade and investment.

Offshoring refers to the process by which companies move their operations to countries with lower labor costs.

Onshoring refers to the process by which companies move their operations back to their home country.