Final answer:
Globalization is characterized by international linkages that create an interdependent global economy, integrating governments, cultures, and financial markets through trade.
Step-by-step explanation:
The term characterized by networks of international linkages that bind countries, institutions, and people in an interdependent economy is globalization.
Globalization refers to the process of integrating governments, cultures, and financial markets through international trade into a single world market.
This interconnectedness allows for global commodity chains, which are internationally integrated economic links that connect workers and corporations for the purpose of manufacture and marketing.
The nature of globalization often results in multinational corporations exerting varying degrees of control over individual world governments and international organizations.