Question

'Globalisation is a multi-dimensional concept.' Examine the statement.

Answer 1

1. Globalisation brings countries together in terms of their political relationships. When countries are trade dependent on one another, it helps to improve political harmony among them.
2. Globalisation has caused a flow of goods, people, and capital on an economic level. Through it, nations' economies multiplied, which also had the effect of reducing economic inequality.
3. The exchange of technology and ideas is another aspect of globalisation.
4. The homogenization of communities is a result of globalisation, which also involves the trade of goods, services, ideas, and people. It promotes cultural acceptance between diverse communities in this way.
5. Aspects of globalisation include the opening up of new markets, changes in global lifestyles, dominance of mass and social media, and mass tourism.