Rapid integration or inter-connection among countries is known as:

Globalization is the process of rapid integration or interconnection among countries. MNCs are playing a major role in the process of globalization.

• The movement of goods, technologies, information, and jobs between countries is referred to as globalisation.
• In other words, globalization can be defined as the opening of nationalistic and local outlooks to a broader perspective of an interlinked and interdependent world with the free transfer of goods, capital, and services across national borders.

Additional Information

• Privatization: It suggests giving over control over or management of a government-owned business. There are two ways that public sector enterprises can be turned into private ones: either the government removes itself from the ownership and control of those companies, or the public sector companies are outright sold.
• Liberalization: Regulation of economic activity by rules and laws led to significant barriers to growth and development. To abolish these limits and open up many economic areas, liberalization was introduced.
• Socialization: Socialization is the process by which a helpless child progressively develops into a self-aware, educated adult who is competent in the customs of the society in which s/he is born.

Thus we know that rapid integration or inter-connection among countries is known as Globalisation.