Which one of the following statements is correct about the nature of globalization?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Globalization is about world wide interconnectedness
Globalization is a multidimensional process involving not just economics but also politics, culture, technology, and environment.
The other options are incorrect because:
-
It is not unidimensional (it covers many spheres).
-
It does impact sovereignty (countries adjust policies due to global pressures).
-
It is not limited to economic flows, but also includes cultural exchange, political ties, and environmental issues.