What do you mean by Globalisation?
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: Globalisation as a concept fundamentally deals with the flows
Given options:
Option 1- Globalisation as a concept fundamentally deals with the flows (correct)
Option 2- It is always a positive concept (Incorrect)
Option 3- It is always a negative concept (Incorrect)
Option 4- It is related to the idea of a protectionist state (Incorrect)
Globalisation as a concept fundamentally deals with flows. These flows could be of various kinds — ideas moving from one part of the world to another, capital shunted between two or more places, commodities being traded across borders, and people moving in search of better livelihoods to different parts of the world. The crucial element is the ‘worldwide interconnectedness’ that is created and sustained as a consequence of these constant flows. Globalisation is a multi-dimensional concept.
Other options:
Option 2- It is always a positive concept: Globalisation is not always a positive concept.
Option 3- It is always a negative concept: Globalisation is not always a negative concept.
Option 4- It is related to the idea of a protectionist state: Globalisation is not related to the idea of a protectionist state. Globalisation is against protectionism.