The correct answer is Option (2) → (A) and (D) only
(A) Globalisation as a concept fundamentally restricts the flow of ideas, capital, commodities and people. (Incorrect). Globalisation does not restrict but encourages the flow of ideas, capital, commodities, and people.
(B) The crucial element of globalisation is the worldwide interconnectedness. (Correct). The core of globalization is the increased interdependence and integration of countries, driven by the movement of goods, capital, people, and information.
(C) Globalisation has eroded state capacity and sovereignty. (Correct). The increased interconnectedness means that no country can act entirely on its own. Governments face new constraints from international organizations, multinational corporations, and global markets, which can reduce their ability to make independent decisions and provide social welfare.
(D) Globalisation has replaced minimalist state with welfare oriented state. (Incorrect). The opposite is generally argued to be true. Globalization has led to a shift away from the "welfare state" toward a more minimalist state, where governments reduce their role in providing social services and let the market play a larger role in determining economic and social priorities. |
