Which of the following is likely to occur as a result of globalization?

The phenomenon of globalization primarily refers to the increasing interconnectedness and interdependence of economies around the world. As countries engage more in international trade, investment, and cultural exchange, their economies become more linked. This interconnectedness often leads to a situation where events in one economy can significantly impact others, making them interdependent.

Greater interdependence means that nations rely on one another for goods, services, labor, and capital. For example, a country might depend on imports for raw materials, while exporting finished products in return, creating a web of economic relationships. This allows for efficiency and specialization, as countries can focus on producing what they do best and trade for what they need.

In contrast, protectionist policies would act directly against globalization, typically involving tariffs or quotas that limit imports. The decline of international corporations and the isolation of local markets also contradict the essence of globalization, which emphasizes the expansion of businesses and integration of markets across borders. Thus, the statement about greater interdependence is aligned with the core principles and observable trends of globalization.