Economic globalization is like when people in one area do things together with people in other areas. It means buying and selling things, making new ideas, and sharing resources across different countries around the world. This helps people in different places to work together and get things they need, even if they're far away. It also helps create more jobs and make products cheaper, so more people can afford them. So overall, economic globalization helps people all around the world have more opportunities, get more resources and have more money to spend.