Globalization is the connection of different parts of the world. In economics, globalization can be defined as the process in which businesses, organizations, and countries begin operating on an international scale. Globalization is most often used in an economic context, but it also affects and is affected by politics and culture. In general, globalization has been shown to increase the standard of living in developing countries, but some analysts warn that globalization can have a negative effect on local or emerging economies and individual workers. Globalization is not new. Since the start of civilization, people have traded goods with their neighbors. As cultures advanced, they were able to travel farther afield to trade their own goods for desirable products found elsewhere. The Silk Road, an ancient network of trade routes used between Europe, North Africa, East Africa, Central Asia, South Asia, and the Far East, is an example of early globalization. For more than 1,500 years, Europeans traded glass and manufactured goods for Chinese silk and spices, contributing to a global economy in which both Europe and Asia became accustomed to goods from far away. The rate of globalization has increased in recent years, a result of rapid advancements in communication and transportation. Advances in communication enable businesses to identify opportunities for investment. At the same time, innovations in information technology enable immediate communication and the rapid transfer of financial assets across national borders. Improved fiscal policies within countries and international trade agreements between them also facilitate globalization. 

Which of the following statement is true?

1. Globalisation makes sure that all the countries are self reliant.
2. During covid, people observed the negative impact of globalisation.
3. Globalisation is the outcome of policies of Liberalisation and Privatisation.
4. Globalisation involves creation of global networks.

b, c and d

Globalisation is an outcome of the set of various policies which are aimed at making world a borderless world. It involves greater interdependence and integration among the nations. Recent example that shows high dependence on other countries due to globalisation was Covid19, which showed an ugly side of it. Thus, many countries after the pandemic started strengthening their economy with self-reliance policies. It involves creation of global networks.