The shift toward a more integrated and interdependent world economy is referred to as globalization.

Name: The shift toward a more integrated and interdependent world economy is referred to as globalization.
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Globalization refers to the process of increasing interconnectedness and interdependence among people, businesses, and countries around the world. It involves the integration of markets, societies, and cultures across national borders, leading to the creation of a global economy.

The Shift Toward a More Integrated and Interdependent World Economy