Which of the following most suitably captures the meaning and essence of ‘globalization’? 1. It is about conducting external relations between two or more States of the world 2. It is a process of coming together of world-wide social relations bypassing territories 3. It refers to thinking trans territorially about global risks affecting people 4. It has a wishful vision of supra-state Governance Select the correct answer using the code given below :
Which of the following most suitably captures the meaning and essence of ‘globalization’? 1. It is about conducting external relations between two or more States of the world 2. It is a process of coming together of world-wide social relations bypassing territories 3. It refers to thinking trans territorially about global risks affecting people 4. It has a wishful vision of supra-state Governance Select the correct answer using the code given below : Correct Answer 2, 3 and 4 only
The Correct Answer is 2, 3 and 4 only.
- Globalization started with the end of the Cold war and the disintegration of the Soviet Union in 1991.
- Globalization transformed the world towards greater interdependence and integration.
- The most suitably captures the meaning and essence of ‘globalization’ are:
- It establishes links in such a way that the happenings in one country can be influenced by events happening in miles away.
- In a globalized economy, people from one country can get access to the goods and services offered by another with ease.
- It has a wishful vision of supra-state Governance by allowing for supra-state players to increasingly interfere in national and local matters.
- It is also a process of coming together of worldwide social relations bypassing territories.
- Presently, trade wars and the Covid-19 Pandemic are a reason for the retreat of globalization.
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Feb 20, 2025