Which one of the following statements is correct about globalisation? |
Globalisation as a concept fundamentally deals with restrictions on the flow of commodities. Globalisation has enhanced the ability of government to do what they do. Globalisation has established the welfare state as the prime determinant of economic and social priorities. Globalisation is led to worldwide interconnectedness. |
Globalisation is led to worldwide interconnectedness. |
The correct answer is Option (4) → Globalisation is led to worldwide interconnectedness. Globalisation refers to the process by which the world is becoming increasingly connected through trade, technology, ideas, culture, and people. It has broken down boundaries and increased interdependence among countries, making the world more interconnected and integrated. "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 flow." |